10000 MCQ /questions on commerce questions answers
Which of the following is not necessary pre-requisite in respect of upward price revision during transition period?
Supplier should supplementary issue invoice or debit note
Such document should be raised within 30 days of price revision
Contract should have entered prior to appointed date
Supplier should revise earlier return and pay tax on differential
All but one of the following are assumed to remain the same while drawing an individual's demand curve for a commodity. Which one is it?
The preferences of the individual
His monetary income
The price of the commodity under consideration
The prices of other goods
The expected return on an investment in stock is.....
the expected dividend payments
the anticipated capital gains
the sum of expected dividends and capital gains
less than the realized return
Method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as
Marketing research does not normally
Gather environmental information
Provide a continuous source of information
Relate to all aspects of marketing operations
Describe the current situation
A credit note is issued by..... and it is a document accepted for GST purposes:
Recipient, for reducing the tax/ taxable value;
Supplier, for reducing the tax/ taxable value;
Supplier, for increasing the tax/ taxable value;
Recipient, for increasing the tax/ taxable value.
M3 currency is also called as.....
In perfect competition, the firm's..... above AVC has the identical shape of the firm's supply curve
Marginal revenue curve
Marginal cost curve
Average cost curve
None of the above
Which one of the following is correct with respect to going concern convention?
The enterprise is not going to terminate its operations in the period ahead
The enterprise may go out of business in the next accounting period
The enterprise may not divest or diversify its operational spheres
The enterprise may not revalue its assets during the current accounting period
The concept of imperfect competition was developed by
Mrs. Lillian Gilbreth
The details of outward supplies of goods or services shall be submitted by
10th of the succeeding month
18th of the succeeding month
15th of the succeeding month
20th of the succeeding month
An original investment is Rs 30 and an expected capital gain is Rs 10 then an expected final stock price will be
Fixed cost in the same proportion in which output changes.
does not change
none of these.
Identify the aspect of taxation which is related to normative economics
Incidence of tax
Effect of tax on the capacity willingness to work
Equity of tax
None of the above
Operating leverage measures.....
These days RBI uses Selective credit control measures rather infrequently because of:
Deregulation of functions
Autonomy given to banks
All the above
In case the e-commerce operator agrees to bear a part of the discount offered by the supplier on the products, is the ecommerce operator required to collect tax at source on such discount borne by him?
Yes, as this can be considered as consideration received from the customer
No, this cannot be considered as consideration received from the customer
None of the above
If budgeted annual manufacturing indirect cost is $2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be
$803.571 per labour hour
$805 per labour hour
$905 per labour hour
$802 per labour hour
Where no document of title of goods are enclosed to the bill, it is called
In case of some notified category of taxable persons making exports, what proportion of the refund excluding provisional ITC claim will be granted without any document verifications?
There are 20 questions to complete.