10000 MCQ /questions on commerce questions answers
The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for:
Transfer of all the Assets of the Existing Business Concern
Transfer of all the Liabilities of the Existing Business Concern
Transfer of both Assets and Liabilities of the existing business concern including credit on Electronic Cash Ledger
Any of the Above
Net profit after tax of Rs. 2, 00, 000 is Rs. 4, 00, 000. Share capital is Rs. 8, 00, 000 and revenue reserve is Rs. 2, 00, 000. What is rate of return on equity?
The Order of the Utilisation of the SGST ITC Credit will be:
IGST OPT, CGST OPT and SGST OPT
CGST OPT, IGST OPT and SGST OPT
SGST OPT, IGST OPT and No Utilisation over CGST OPT
SGST OPT, CGST OPT and No Utilisation over IGST OPT
The liability of partners in a firm is.....
A firm encounters its 'shutdown point' when
Average total cost equals price at the profit-maximizing level of output
Average variable cost equals price at the profit-maximizing level of output
Average fixed cost equals price at the profit-maximizing level of output
Marginal cost equals price at the profit-maximizing level of output
One of the consequences of non-registration of a partnership firm is that:
a partner cannot such the other partner to enforce a right arising from a contract
the partner of such a firm cannot sue third parties
third parties cannot sue the firm for claims exceeding Rs. 100
The official Assignee or Receiver will have no power on the property of the dissolved firm
If budgeted indirect cost arte is $115 and budgeted cost allocation base is $830 per hour, then annual indirect cost (budgeted) will be
An expected dividend yield is 5.5% and expected rate of return is 11.5% then constant growth rate would be
Working capital management is managing.....
short term assets and liabilities
long term assets
long terms liabilities
only short term assets
What are the pre requisites for proper officer to pass assessment order under Section 63?
Period selected for assessment has to be within 5 years from the end of due date for filing annual return of relevant period.
Show cause notice has to be issued before passing assessment order.
Opportunity of being heard has to be given before passing assessment order.
All of the above.
Labour related to manufacturing of product can be classified under
direct manufacturing labour costs
indirect manufacturing labour costs
work in process cost
Treasury bonds are exposed to additional risks that are included
interest rate risk
Both A and B
Material usage variance = standard price(.....)
Standard usage-actual usage
Standard unit price-actual unit price
Stock Adjustment Account is debited with.and credited with..
Surplus, shortage of stock
shortage of stock, surplus
none of these
Set of projects or set of investments usually maximize firm value is classified as
optimal capital budget
minimum capital budget
maximum capital budget
greater capital budget
Variable cost increases with.....in output.
increase or decrease
none of these.
Prepaid expenses appearing in trial balance will appear in.....
profit and loss a/c
prepaid exp. a/c
Which of the following is a real account?
Outstanding rent account
Closing stock account.
When equilibrium price rises but equilibrium quantity remains unchanged, the cause is
Supply and demand both increase equally
Supply and demand both decrease equally
Supply decreases and demand increases
Supply increases and demand decreases
Range of probability distribution with 99.74% lies within
(+ 3$sigma$ and-3$sigma$)
(+ 4$\sigma$ and-4$\sigma$)
(+ 1$\sigma$ and-1$\sigma$)
(+ 2$\sigma$ and-2$\sigma$)
There are 20 questions to complete.