10000 MCQ /questions on commerce questions answers
If residual error is 51 and predicted cost value is 37, then observed cost value will be
Dividend and interest are.....
different from each other
debited to profit and loss account
The quorum required for a meeting of the GST Council will be
1/2 of the members
2/3 rd of the members
1/3 rd of the members
3/4th of the members
Direct cost incurred can be identified with.....
each unit of output
Which one of the following securities cannot be issued by a Public Limited Company in India?
Participating preference shares
Redeemable preference shares
Which statement is true about financial management?
An option is a claim without any liability.
The wealth of a firm is defined as the market price of the firm's stock.
The maximisation of profit is often considered as an implied objective of a firm.
All of the above.
Balance sheet, in which all costs of product that must be considered as its assets, is said to be
factory overhead costs
manufacturing overhead costs
Outstanding expenditure is a..... account.
Which of the following is not a horizontal portal?
Which among the following has the function of recommending Minimum Support Prices for various commodities to teh Government?
National Farmers Commission
Agriculture Cost & Price Commission
Central Statistical Organization
Department of Agriculture
Excess working capital results in.....
Block of cash
Lack of production
Lack of smooth flow of production
Right side of balance sheet states the
Payment of rent expenses is recorded on which side of cash book?
In calculation of net cash flow, depreciation and amortization are treated as
The Unadjusted VAT Credit under earlier law will be transferred and credited to:
Any of the Above
What are the factors differentiating Composite Supply & Mixed Supply CGST Act 2017?
Nature of bundling i.e. artificial or natural
Existence of Principal Supply
Both of the above
None of the above
Type of interest rates consist of
effective annual rates
all of above
What is/are the condition for availing ITC on stock related to non-taxable period by a dealer who was not liable to get registered in the earlier law or a manufacturer of the exempted goods in the earlier law?
i, ii & iii
i, ii & iv
ii, iii & iv
I, ii, iii & iv
The primary difference between a fixed budget and a variable(flexible) budget is that a fixed budget:
Includes only fixed costs, while a variable budget includes only variable costs.
Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales.
Cannot be changed after the period begins, while a variable budget can be changed after the period begins.
Is a plan for a single level of sales(or other measure of activity), while a variable budget consists of several plans, one for each of several levels of sales (or other measure of activity)
A registered taxable person is liable to show his GSTN number:
Name Board of Principal Place and additional place of business
Both A) and B)
None of the Above
There are 20 questions to complete.