10000 MCQ /questions on commerce questions answers
Consider the following stages before commencing an audit:
- Ascertaining the scope of audit work an auditor has to undergo
- Gaining knowledge about business of the client.
- Going through the agreement with the
2, 1, 3, 4
3, 4, 2, l
2, 4, 3, 1
3, l, 2, 4,
Which of the following functions are not being performed by the Reserve Bank of India?
Regulation of banks in India
Foreign currency management in India
Regulation of foreign direct investment in India
Control and supervision of money supply
* In expected rate of return for constant growth, capital gains is divided by capital gains yield to calculate
Fixing of charges for various types of services like issuance of demand draft etc. except cheques collection provided by urban co-operative banks is done by
Reserve Bank of India
the Indian Bank's Association
the bank itself which should not be out of line with the average cost of providing the services
An allowance of Rs. 1000 given to Mr. Devan for prompt payment will be debited to the..... account
none of these
Goods directly involved in the production process are known as.....
Evaluating 4. Motivating Codes: (a) (b) (c) (d)
2 4 1 3
1 2 3 4
2 1 4 3
3 4 2 1
While auditing the financial statements of non-corporate enterprises, the auditor's duties and scope of work would be governed by-
the statute passed by the Parliament
the Companies Act, 1956, and the client concerned jointly
the agreement with his client.
the provisions of the Income Tax Act, 1961
The primary emphasis of.....cost is on the planning function of management.
none of these
An unmanaged fixed income security portfolio handled by an independent trustee is known as a.....
junk bond fund
closed-end investment company
unit investment trust
A business owes money to
When two or more companies are amalgamated, the liability to pay tax on supplies between the effective date of amalgamation order and date of amalgamation order would be on-
Any one of the companies;
None of the above.
Paisapay is facilitated in.
none of the above
Carriage outward is shown on the
debit side of trading account,
debit side of profit and loss account,
credit side of profit and loss account,
liability side of the balance sheet.
Total transferred-out cost plus normal spoilage is divided by number of goods units produced to calculate
cost per good units transferred out
cost per good units transferred in
revenue per good units transferred out
revenue per good units transferred in
Regional Rural Banks have been set up with the basic objectives of:
Providing credit to semi-urban & urban population
Providing deposits facilities to farmers
Providing credit & deposit facilities to rural areas
Providing credit, deposit and other banking facilities to people in rural areas
In weighted average capital, capital structure weights estimation does not rely on value of
market value of equity
book value of equity
A type of contract in which contract holder has right to sell an asset at specific period for predetermining price is classified as
The total of all direct expenses is known as.....cost.
Both (A) and (B)
Which of the following term is used to represent the proportionate relationship between debt and equity?
Cost of capital
There are 20 questions to complete.