10000 MCQ /questions on commerce questions answers
Net realizable value is added into separate costs to calculate
split off costs
final cost of direct labour
Which of the following instruments is not a negotiable instrument?
Bills of exchange
The costing method which can be used in industry where the product pass through different processes is known as.....
Balance sheets are prepared
Which of the following is not true in respect of planning?
Planning is an intellectual activity
Planning function is not performed by the top management
Planning is related to objectives
Planning is forward-looking
When RBI reduce the CRR it results into:
Decrease in deposit
Increase in deposit
Increase in lendable resources
Decrease in lendable resources
Received Rs. 5, 000 from Ram but credited his account by Rs. 50, 000 is?
Error of Omission
Error of Principles
None of these
Management audit is:
an independent appraisal of the total management process
a statutory requirement
an investigation into the conduct of direction
an independent appraisal of competitiveness of business
ITC in relation to CGST means.....
SGST and CGST
SGST and IGST
IGST and CGST
IGST, SGST and CGST
All of the following are characteristics of a social network except.....
involves a group of people
features shared social interaction
always feature shared goals and purposes
common ties among members
Periodic rate if it is multiplied with per year number of compounding periods is called
extrinsic rate of return
intrinsic rate of return
annual rate of return
nominal annual rate
Cost which remains unchanged, in proportion to level total volume of production is classified as
When it is certain that a debt won't be recovered. Which of the following is correct?
Provision for bad debt is created
Account receivable is credited
Bad debts is credited
Sales is debited
The famous book 'General and Industrial Management' was written by
If a turnover during a financial year exceeds the prescribed limit, then accounts get audited by
Either (a) or (b)
All of the above
As per the guidelines issued by Department of Industrial Policy and Promotion (DIPP) in February 2009, any company with more than what fraction of foreign equity should be considered as a foreign company?
Broad's average use to assign cost of revenue to cost objects will be classified as
refined costing system
refined selling system
defined selling system
If market interest rates are expected to rise, you would expect.....
bond prices to fall more than stock prices
bond prices to rise more than stock prices
stock prices to fall more than bond prices
stock prices to rise and bond prices to fall.
The marketplace for auction sites is best described as.....
many sites attaining similar levels of profitability
easy to enter due to minimal barriers
populated mostly with small, thriving specialty sites
dominated by a handful of sites with established networks
Recording of capital contributed by the owner as liability ensures the adherence of principle of-
There are 20 questions to complete.