10000 MCQ /questions on commerce questions answers
.....is the consolidated summary of the various functional budgets.
An..... is an amount which is incurred in return for some benefit and the benefit is enjoyed immediately
Mr. James a citizen of US arrived in India for the first time of 1st July, 2010 and left for Nepal on 15th Dec. 2010. He arrived to India again on 1st January, 2011 and stayed till the end of the financial year 2010-11. His residental status for the asse
Resident (Ordinarily resident)
Not ordinarily resident
None of the above
Maximum number of monthly installments permissible under section 80 is:
What is the time limit for issue of order in pursuance of the direction of the Appellate Authority or Appellate Tribunal or a Court, from the date of communication of the said direction?
Transferring entries from journal to ;edger account is commonly known as
RBI on 1st April 2014, adopted which index as the key measure of Inflation on the basis of recommendations of Urjit R Patel Committee report on Revising and Strengthening the Monetary Policy Framework?
Consumer Price Index
Rooming Price Index
Manufacturing Price Index
Wholesale Price Index
Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as
incremental costing system
split off costing system
inventoriable costing system
operation costing system
Value generally promises to pay at maturity date and a firm borrows is considered as bonds
- Fringe benefits, nowadays are a significant component of 'compensation'.
- Under piece rate plan employees are paid at a stipulated rate per hour of work done by them.
Both (i) and (ii) are correct
Both (i) and (ii) are incorrect.
(i) is incorrect and (ii) is correct.
(i) is correct and (ii) is incorrect.
Contra-entries are passed only when
Double column cash book is prepared
Three column cash book is prepared
Simple cash book is prepared
None of the above
In capital budgeting, two projects who have cost of capital as 12% is classified as
Petty cash fund is supposed to be replenished
Every half year
At the end of every accounting period
The company's average cost of capital is.....
the average cost of equity shares and debentures
the average cost of equity preference shares
the average cost of shares and all sources of long-term funds
the average cost of short term funds
An Index is-
A filing system
A photostat procedure
The procedure to collect data
An important help in filing
If the registered person furnishes a valid return within.....of the service of the assessment order u/s 62 (1), the said assessment order shall be deemed to have been withdrawn.
Open-market operations of Reserve Bank of India refer to?
Trading in securities
Transaction in gold
All of these
The discretionary threshold limit of the Tribunal to not to admit any appeal will be:
5/-Lakh or Less
3/-Lakh or Less
1/-Lakh or Less
No Such Discretionary Threshold Limit
In regression equation, an evaluation criteria considers significance of
Cost pool category, which have similar cause and effect relationship, with each cost driver uses as an allocation base is classified as
heterogeneous price pool
homogenous cost pool
heterogeneous cost pool
homogenous price pool
There are 20 questions to complete.