10000 MCQ /questions on commerce questions answers
A speculator who expects prices to fall in future and sell securities is called as.....
The basic consideration(s) in distinction between capital and revenue expenditure is/are
Nature of business
Effect on revenue generating capacity of the business
Purpose of expenses
All of the above
Weighted average cost of debt, preferred stock and common equity is classified as
cost of salvage
cost of interest
cost of taxation
cost of capital
A firm under perfect competition is
The following is a statement of revenues and expenses for a specific period of time
Profit & Loss statements
The maximum permissible adjournment for personal hearing in a First Appeal or second appeal before the Tribunal will be:
Not more than 1
Not more than 3
Not more than 2
Not more than 4
Which of the following method of wage payment is most suitable where the speed of production is beyond the control of worker?
Time rate system
Piece rate system
Halsey premium system
Rowan premium plan
The gap between two General Meetings of the Company should not be more than-
In case of inferior goods, the income elasticity is
Package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called
step down product
dual mix product
What is the shape of the average fixed cost (AFC) curve?
Horizontal up to a point and then rising
Sloping down towards the right
Which e-government arena is being used when governmental agencies send out and accept bids for work?
In adjustment issues of costing, database must consider wide range values of
Situation in financial options in which strike price is less than current price of stock is classified as
No journal entry is required to be passed when there is
Loss by theft
Loss of bad debts
Abnormal loss of business
Exercising a degree of caution in the case of judgements needed under the condition of uncertainity is the assumption of which of the following accounting concepts?
Under trading means.
Having low amount of working capital
High turnover of working capital
Sales are less compared to assets employed
Low turnover of working capital
What defines all of the steps or business rules, from beginning to end, required for a process to run correctly?
A budget which mainly covers items of current revenue and expenditure is called...
CGST and SGST will be levied on;
There are 20 questions to complete.