10000 MCQ /questions on commerce questions answers
Specific price method of valuing material issue is used when.....
Materials are purchased for specific job or work order
materials are subject to natural wastage
none of these
102: AS-9 (Revenue Recognition) is concerned with the recognition of revenue arising in the course of the ordinary activities of the enterprise from
The sale of goods
The rendering of services
The use by others of enterprise resources yielding interest, royalties and dividends
All of the above
In expected rate of return for constant growth, stock price must grow according to an expected rate and
at same price
at different price
at yielded price
at buying price
Cost which has occurred already and not affected by decisions is classified as
A person who brings capital in the business is called
none of the above.
Number of units are multiplied to per unit price, to calculate
multiple budget variable
fixed budget variable
flexible budget variable
Whether it is necessary to capitalize the capital goods in the books of account
Only use of goods is recognized
Accounting is not relevant
Basis of apportionment of welfare department expenses is..
Wages of each department
Number of employees
number of machineries
The type of loss that should not affect cost of inventories is.....
The value of supply of goods and services shall be the
None of above
Roller machine is also called as..... machine.
Which one of the following statements is not correct?
Business firms combine to avoid wasteful competition
Business combination is possible only among joint stock companies
Business firms may combine to take advantage of patent rights of individual firms
During economic depression, small firms are absorbed by financially sound large firms
Can the seized goods be released on provisional basis upon execution of a bond and furnishing of security or on payment of applicable ta, x interest and penalty?
At proper officer's discretion
None of the above
Unsuccessful research expenditure should be..... cost accounts.
none of these
Capital market line reflects an attitude of investors towards risk which is considered as an/a
..... are cheques that are issued by the business but not yet presented to bank for payment
Can a person apply for registration to pay tax u/s 10 for any of his business verticals at his choice?
Yes, irrespective of the registration status of other business verticals.
No all of his other business verticals also should have obtained registration for paying tax under section 10.
Yes, provided majority of the business verticals are paying under section 10.
Yes, if all the business vertical in a state are obtained registration to pay tax under section 10.
Noting charges are paid at the time of
Renewal of the bill
Retirement of the bill
Dishonor of the bill
None of the above
Consider the following items that are disclosed in a statement of cash flows-
- Cash flow from operating activities.
- Cash flow from financing activities.
- Closing cash and cash equivalents.
Manufacturing overhead cost allocated to individual jobs is classified as
manufacturing overhead allocated
cost overhead applied
manufacturing overhead applied
both A and C
There are 20 questions to complete.