10000 MCQ /questions on commerce questions answers
In case of amalgamation between two companies, such companies shall be treated as two distinct companies till-
Till the date of the High Court order
Till the effective date of merger
Till the date of cancellation of registration
None of the above
As we all know, when we doposit a cheque issued in oru name in the bank, the bank always checks if the cheque has been crossed or not. Why is this done?
It ensures that the money is deposited only in the account of the person in whose name the cheque has been drawn.
It is a process by which the person who has issued the cheque comes to know whether the cheque is encashed or not.
The bank insists on it only when the party wants the payment immediately and that too in cash only.
This is the instruction of RBI that all the cheques of the amount of Rs. 10, 000 should be accepted only if they are crossed.
Which of the following factors influence(s) the capital structure of a business entity?
Bargaining power with the suppliers
Demand for the product of the company
Adequate of the assets to meet any sudden spurt in demand
What is the process of making a copy of the information stored on a computer?
Consider the following statements: Audit working papers are maintained because
- they act as a guide to subsequent audit.
- they verify the arithmetical accuracy of the books of accounts.
- they provide evidence
1 and 2
2 and 3
l and 3
l, 2 and3
Purchase order lead time is multiplied to number of units is sold per unit of time to calculate
relevant total costs
economic order quantity
The first Stock Exchange in India was established in-
The tool used by auditor to monitor and control the progress of audit work is-
Audit working papers
A security plan begins with a(n) is.....
Direct labour and salary outlays direct material purchases, which are classified as
When is a service transaction deemed to have been initiated before commencement of IGST Act?
When invoice relating to such supply has been received or made before IGST has come into existence
Payment is made/ received either in part or full before IGST has come into existence
Both of the Above
Any one of the Above
Unsuccessful research expenditure should be.. cost accounts.
none of these
The volume of sales is influenced by..... of a firm.
The rate of gross profit is 20% on sales and the cost of goods sold is Rs. 1, 00, 000, the amount of gross profit will be-
Rs. 30, 000
Rs. 25, 000
Rs. 20, 000
Rs. 16, 667
Long term capital gains arising from units of debt-oriented equity funds for which securities transactions tax has been paid in a recognized stock exchange is exempt.
Cannot be said with certainty
Is decided by the Assessing Officer
The term..... is generally used for the depreciation of natural resources
Is there any ban on disclosure and use of information collected in the form of information return?
- No. Such information can be used for all GST purposes except publishing such information
- Yes. Such information c
i, ii & iii
ii & iv
iii & v
ii, iv & v
Intangible assets such as copyrights, trademarks and patents are applicable for
Which Bank launches voice password facility for users?
Kotak Mahindra Bank
Claim against assets are represented by
saving account earning
There are 20 questions to complete.