Commerce online quiz 201

By | August 21, 2018

NTA NET SURE SUCCESS!!! Solve all MCQ and QUIZ on this site. You will get many common questions in Final exam. Do not forget to tell your friends

10000 MCQ /questions on commerce questions answers

Question 1 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Specific price method of valuing material issue is used when.....
A
Materials are purchased for specific job or work order
B
materials are subject to natural wastage
C
prices fluctuate
D
none of these
Question 2 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
102: AS-9 (Revenue Recognition) is concerned with the recognition of revenue arising in the course of the ordinary activities of the enterprise from
A
The sale of goods
B
The rendering of services
C
The use by others of enterprise resources yielding interest, royalties and dividends
D
All of the above
Question 3 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
In expected rate of return for constant growth, stock price must grow according to an expected rate and
A
at same price
B
at different price
C
at yielded price
D
at buying price
Question 4 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Cost which has occurred already and not affected by decisions is classified as
A
sunk cost
B
occurred cost
C
weighted cost
D
mean cost
Question 5 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
A person who brings capital in the business is called
A
debtor
B
creditor
C
proprietor
D
none of the above.
Question 6 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Number of units are multiplied to per unit price, to calculate
A
multiple budget variable
B
fixed budget variable
C
flexible budget variable
D
constant budget
Question 7 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Whether it is necessary to capitalize the capital goods in the books of account
A
Yes
B
No
C
Only use of goods is recognized
D
Accounting is not relevant
Question 8 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Basis of apportionment of welfare department expenses is..
A
Wages of each department
B
Number of employees
C
materials consumed
D
number of machineries
Question 9 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The type of loss that should not affect cost of inventories is.....
A
normal loss
B
abnormal loss
C
seasonal loss
D
standard loss
Question 10 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
The value of supply of goods and services shall be the
A
Transaction value
B
MRP
C
Market Value
D
None of above
Question 11 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Roller machine is also called as..... machine.
A
rotary
B
copy
C
multiple
D
single
Question 12 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Which one of the following statements is not correct?
A
Business firms combine to avoid wasteful competition
B
Business combination is possible only among joint stock companies
C
Business firms may combine to take advantage of patent rights of individual firms
D
During economic depression, small firms are absorbed by financially sound large firms
Question 13 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
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?
A
Yes
B
No Inspection
C
At proper officer's discretion
D
None of the above
Question 14 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Unsuccessful research expenditure should be..... cost accounts.
A
Excluded from
B
included in
C
apportioned in
D
none of these
Question 15 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Capital market line reflects an attitude of investors towards risk which is considered as an/a
A
non-aggregate
B
effective
C
ineffective
D
aggregate
Question 16 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
..... are cheques that are issued by the business but not yet presented to bank for payment
A
Uncollected cheques
B
Uncredited cheques
C
Outstanding cheques
D
Bounced cheques
Question 17 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Can a person apply for registration to pay tax u/s 10 for any of his business verticals at his choice?
A
Yes, irrespective of the registration status of other business verticals.
B
No all of his other business verticals also should have obtained registration for paying tax under section 10.
C
Yes, provided majority of the business verticals are paying under section 10.
D
Yes, if all the business vertical in a state are obtained registration to pay tax under section 10.
Question 18 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Noting charges are paid at the time of
A
Renewal of the bill
B
Retirement of the bill
C
Dishonor of the bill
D
None of the above
Question 19 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
Consider the following items that are disclosed in a statement of cash flows-
  1. Cash flow from operating activities.
  2. Cash flow from financing activities.
  3. Closing cash and cash equivalents.
  • Cash fr
  • A
    2-3-1-4
    B
    1-4-2-3
    C
    2-4-1-3
    D
    1-3-2-4
    Question 20 (Click on any option to know correct answer. सही उत्तर जानने के लिए किसी भी choice पर क्लिक करें।)
    Manufacturing overhead cost allocated to individual jobs is classified as
    A
    manufacturing overhead allocated
    B
    cost overhead applied
    C
    manufacturing overhead applied
    D
    both A and C
    There are 20 questions to complete.

    Leave a Reply

    Your email address will not be published. Required fields are marked *