10000 MCQ /questions on commerce questions answers
Average method of pricing the material issues is useful when.....
material prices are rising
material prices are falling
material prices are constant
material prices are fluctuating
Which of the following permits the transmission of a bill, along with payment of that bill, to be conducted over the Internet?
electronic bill presentment and payment
all of the above
A company invited application for subscription of 5, 000 shares. The application were received for 6, 000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him?
Repeated use plans or standing plans include
Objectives and policies
Procedures and methods
All of the above
Master budget includes all projections of company's budget and focuses on
both B and C
While calculating weighted average cost of capital.....
Preference shares are given more weight age
Cost of issue is considered
Tax factor is ignored
Risk factor is ignored
Type of costs that cannot be traced for individual products but help in supporting an organization are classified as
individual sustaining costs
facility sustaining costs
..costing is applicable to printers.
In incremental cost allocation method, cost object user who is ranked second in ranking order is known as
First incremental user
second incremental user
Span of controls means that
An organization consists of various departments
Each person's authority is clearly defined.
Every subordinate has one superior
A manager can supervise only a limited number of subordinates
Premium which is considered as difference of expected return on common stock and current yield on Treasury bonds is called
current risk premium
past risk premium
A rise in supply and demand in equal proportion will result in
Increase in equilibrium price and equilibrium quantity
Decrease in equilibrium price and increase in equilibrium quantity
No change in equilibrium price and increase in equilibrium quantity
Increase in equilibrium price and no change in equilibrium quantity
Unsecured bonds which is designated for only notes payable or all other debts are classified as
Who among the following persons are allowed to carry forward credit under the CGST/ SGST law?
COT dealers not required to take registration under GST law in view of minimum threshold turnover
Regular dealers under the earlier law and opting for COT scheme under the GST law
Regular dealers under the earlier law and NOT opting for COT scheme under GST law
COT dealers under earlier law and continuing for COT scheme under GST law
Reinvestment risk of bonds is higher on
short maturity bonds
high maturity bonds
high premium bonds
high inflated bonds
Cost accounts deal partly with facts and figures and partly with.....
Labour cost is the second element of.....
In the absence of partnership agreement the profit is shared by the partners-
on the basis of capital invested
on the basis of decision of the court
on the basis of time spent
Which of the following statements indicates the essence of Robbins definition?
''Economics is a subject concerned with an enquiry into the nature and causes of Wealth of Nations.''
''Economics is the study of mankind in the ordinary busi ness of life.''
''Economics is the science of scarcity.''
''Economics is the study of allocation of scarce resources and of the determinants of employment, income and economic growth.''
In case of rising prices (inflation), LIFO will:
provide lowest value of closing stock and profit
provide highest value of closing stock and profit
provide highest value of closing stock but lowest value of profit
provide highest value of profit but lowest value of closing stock
There are 20 questions to complete.