10000 MCQ /questions on commerce questions answers
Which of the following is not an indirect expense?
If a Registration is cancelled, the Electronic Credit Ledger or Electronic Cash Ledger are debited by:
IPT availed on Stock, Semi-Finished Goods or finished Goods and Capital Goods
OPT payable on Such Goods
IPT availed on Stock, Semi-Finished Goods, finished Goods and Capital Goods or OPT payable on Such Goods whichever is Higher
No Tax Liability on Cancellation of Registration
The portion of share capital which can be called up only on the winding up of a company is known as-
Called up capital
Paid up capital
Retained earnings are?
an indication of a company's liquidity
the same as cash in the bank
not important when determining dividends
the cumulative earnings of the company after dividends.
..... days of grace are allowed in case of time bills, for calculating date of maturity
The cost which is to be incurred even when a business unit is closed is a.....
OTP stands for.
On Time Password
On Time processing
One time processor
EPS is calculated as
EBIT / Equity shares
(EBIT-Preference Dividend) / Equity shares
EIT / Equity shares
(EAT-Preference Dividend) / Equity shares
Total cost related to work in process inventory is divided by total units of work done is used to calculate
Gross weighted margin
weighted average revenue
weighted average cost
weighted average conversion cost
When a right to purchase securities is acquired it is know as.....
Price of an outstanding bond increases when market rate
Membership of a co-operative is.....
Method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as
bundled products allocation method
variable cost allocation method
stand-alone cost allocation method
incremental cost allocation method
Electronic Credit Ledger is Credited by:
Cash Deposit towards Tax remittance
IPT on IGST, CGST and SGST
Cash Deposit towards Fees, Fine, Interest and Penalty
Advance tax Remittance
Which one of the following aims is achieved most through Office Record keeping?
Efficiency of operations on shop floor
Storage of documents
Helping decision making
If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the society because
Goods will be sold in many markets
Cost of production falls and hence price
Consumers get better quality goods
None of the above answer is correct
Real risk-free rate is applicable when it is expected that there will be
none of above
Discarded material substances having no value is called.....
The smart card which use antenna for reading and writing data.
Contact smart card
Contactless smart card
Proximity smart card
Both B and C
Growth rate which is predicted by marginal investors for dividends is classified as
expected growth rate
annual growth rate
past growth rate
unexpected growth rate
There are 20 questions to complete.