10000 MCQ /questions on commerce questions answers
Insurable interest must be present at the time of insurance proposal and payment of claims in-
A partnership firm cannot raise funds by.....
..... heads and conducts the affairs of RBI:
All of the above
A business cannot be all things to all people. Instead, a business must:
Identify target customers
Identify the value of products/services as perceived by customers
all of the above
None of the above
Which term is not associated with banking operations.....
Prime Lending Rate
None of these
Debtors turnover ratio is 4. What is the average collection period?
Bonds that can be converted into shares of common stock are classified as
Basis of apportionment of stores service expenses is..
Value of materials consumed
units of material consumed
none of these
The return component that gives periodic cash flows to the investor is known as the.....
Tax invoice must be issued by.....
Every taxable person
Registered persons not paying tax under composition scheme
All the above
Principle of maximum aggregate benefit is concerned with..
Growth of library
Which of the following accounts is not a real account
Closing stock account
Contraction of demand is the result of
Decrease in the number of consumers
Increase in the price of the commodity concerned
Increase in the prices of other goods
Decrease in the income of purchasers
A manufacturer of exempted and non-exempted goods or a service provider of exempted and taxable services are entitled to Cenvat credit under sub-section (4) section 140 on
All goods whether in stock or in finished goods or in semi-finished goods is eligible
Only goods directly pertaining to non-exempted goods or taxable services is eligible
Only proportionate credit based on the previous year turnover of non-exempted goods or taxable services is eligible
No credit is available in such cases
In which of the following, interest / dividend is payable even if the company does not earn profit?
All of above
What does creditors turnover ratio take into account?
Total credit sales
Total credit purchase
Total cash sales
Total cash purchases
Accounting is a language of.....
none of these
What automates business processes?
Guarantee for employer for the loss out of employee's dishonest is.....
third party insurance
Static budget amount is subtracted from flexible budget amount to calculate the
sales budget variance
cost budget variance
resultant budget variance
static budget variance
There are 20 questions to complete.