10000 MCQ /questions on commerce questions answers
''Organisation is a Management Process by which people, functions and physical factors are brought together to form a controllable unit.'' This definition is given by-
Kelling B. Lewis
Recovery of bad debt is a
In double entry system every business transaction affects
debit and credit side of the same account
the same side of the same account
none of the these.
111: In case the depreciable assets are revalued, the provision for depreciation is based on
The revalued amount on the estimate of the remaining useful life of such assets
Original cost of the assets
Depreciated value of the assets
AS-6 is silent in this regard
Set of rules made by corporation founders such as directors election procedure are classified as
SBI's new training initiative "Strategic Training Unit" is located at
According to Dutt Committee, large industrial houses were..... in the core sector
restricted to the sector
Which of the following is true in respect of events after the applicability of GST? Transitional Provisions 271 Indirect Taxes Committee
Proceedings under earlier law will be disposed of under the earlier law
Any default due to proceedings in the earlier law will be recovered in the earlier law
Proceedings under the earlier law will be disposed of under the new law
Any refund due to the proceedings will be admissible as input tax credit
Assertion (A). In 1991 government decided to allow all foreign investment to any industries without any restrictions. Reason (R). Government has enhanced the investment limit of small scale industries units.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true but (R) is not the correct explanation of (A).
(A) is true but (R) is false.
(A) is false but (R) is true.
The factor(s) which affect(s) P/E ratio is/are.....
All of the above
If there are 15 credit purchases during a given month, then there will be..... posting from the purchase book at the end of the month
Boiler house costing is an example of.costing
none of these
..is most suitable when quality of work is of prime importance.
Piece rate system
time wage system
both a & b
none of these
The collection of integrated and related master files is known as
The total of all direct expenses is known as..cost.
both a & b
In Imperfect competition total revenue rises at..... upto an output level and then......
A decreasing rate, falls
A decreasing rate, rises
An increasing rate, falls
An increasing rate, rises
The time limit to pay the value of supply with taxes
The 'Diamond water' controversy is explained by
If Supply of Services has ceased under a contract before the completion of supply:
Invoice has to be issued within 30 days on the basis of 'Quantum Meruit' from the date of cessation;
Invoice has to be issued at the time of cessation to the extent of the supply effected;
Invoice has to be issued for the full value of the contract after deducting a percentage thereof as prescribed;
Invoice cannot be issued as the matter will be sub-judice.
Which one refers to cash in How under pay back period method?
Cash flow before depreciation and taxes
Cash flow after depreciation and taxes
Cash flow after depreciation but before taxes
Cash flow before depreciation and after taxes
There are 20 questions to complete.