10000 MCQ /questions on commerce questions answers
Suppose the proper officer is not satisfied with the clarification given by the appellant. What will be the fate of such registration application?
The Registration application will be rejected by issuing GST REG-05
Provisional registration will be granted
Either (A) or (B)
The same will be kept pending for field enquiry
The amount of salary paid to Madhu should be debited to
None of these
What will be the mode of filing Refund Application and its supporting documents in GST?
Online Application and Uploading of Scanned Documents
Both Soft Copy and Hard Copy
Manual Application Only
Any of the above
The prescribed time period for the filing of appeal against the Advance Ruling will be:
Within 30 days of the receipt of the advance ruling
Within 60 days of the receipt of the advance ruling
Within 90 days of the receipt of the advance ruling
Within 180 days of the receipt of the advance ruling
Costs of undertaken activities is to support individual products are known as
product sustaining costs
While delegating, a superior delegates
Authority and responsibility
Authority, responsibility and accountability
Authority and responsibility but not accountability
Present value of portfolio Rs 850 and current option price Rs 1620 then value of stock included in portfolio would be
Rs 2, 470.00
What shall be interest payable to the taxable person if he is entitled to a refund consequent to the order for final assessment?
Interest shall be payable only after 6 months after the final Assessment.
Interest shall be payable only after 3 months after the final Assessment.
Interest shall be paid on such refund as provided in Section 56.
No interest shall be payable on the refund.
An actual rate of return is subtracted from expected growth rate then it is divided from dividend stockholders expects use for calculating
dividend growth model
actual growth model
constant growth model
variable growth model
..... is the amount of cash funds that the banks have to maintain with RBI.
Cash Reserve Ratio
None of the above
An item of cost that is direct for one business may be.....for another business.
none of the above.
Normal idle time.....
can be avoided
can be minimized
cannot be avoided
can be controlled
A bill of material is prepared in case of a.....job
Both (A) and (B)
none of these
Balance of real and personal accounts are..... to the next period
none of these
Choose the correct statement:
According to AS-6, depreciation is to be provided on land
According to AS-6, depreciation is not to be provided on land under any situation
According to AS-6, depreciation is not to be provided on land unless it has a limited useful life for the enterprise
AS-6 is silent on the question of providing depreciation on land
As per Section 145, Document includes:
all of the above
Where is the headquarters of World Bank situated?
..is an example of short-term budget
Capital expenditure budget
Both a & c
Worse fit between estimated cost and actual observations is shown on regression line with
larger residual terms
zero residual terms
variable residual terms
smaller residual terms
Which of the following is true
Asset + equity = liabilities,
asset-liability = owner's fund,
outside liability + reserve = equity,
asset + reserve = equity.
There are 20 questions to complete.