10000 MCQ /questions on commerce questions answers
Posting the right person at the right place is called.....
Land on lease should be shown in Blance sheet contrary to the fact that the company does not own that piece of land is the implementation of which accounting concept?
Substance over form concept
Schedule of expected disbursements and cash receipts is considered as
Material control does not cover the following stage.
Purchase of materials
storing of materials
issue of materials
On the basis of the size and composition of external debt, world bank has classified India as a
heavily indebted country
moderate indebted country
Less indebted country
Severely indebted country.
Stage in production process, where manufactured goods are checked; whether units are acceptable or not is classified as
Bank Reconciliation statement is prepared by
Accountant of business
Manager of business
Controller of business
Accountant of the bank
Which of the following applies to the implementation of an idea?
Much popular computers are.....
What are the consequences of obtaining registration by misrepresentation?
Liable to cancellation of registration by proper officer.
Liable to fine not exceeding Rs. 1, 000, 000/-
Imprisonment for a period of 6 months to 3 years.
Both (b) and (c)
In case of any ambiguity where place of supply of goods cannot be determined as provided in IGST Act, 2016 who will determine the place of supply?
Central Government on recommendation of the Council
State and Central Government on recommendation of the Council
State Government or Central Government as may be prescribed
In a manner as may be prescribed
Which of the following is NOT considered a money market instrument?
Certificate of Deposit
Shares and bonds
Bookkeeping mainly consists of which part of accounting process?
Preparing financial statements
Recording financial information
Auditing the books of accounts
Packing cost is.....
Purchase book records
All purchases of goods
All cash purchases of goods
All credit purchases of goods
None of these
Buying of goods or materials for production in a way that they are delivered directly on manufacturing facility of company is called
economic order quantity purchasing
just in time purchasing
both a and b
Budget, which predicts effect of given level of operations on a cash position is classified as
Which of the following activity is undertaken by EXIM Bank?
Financing under PMEGP
SME and Agriculture Finance
What are materials that are necessary for running a modern corporation, but do not relate to the company's primary business activities?
None of the above
Financial security in which there is no default risk and issues by U.S governments is classified as
U.S treasury bonds
There are 20 questions to complete.