10000 MCQ /questions on commerce questions answers
The charter of a company which defines the limitations and powers of the company is called
The memorandum of association
Articles of association
Certificate of commencement
Which of the following will be debited if a business purchases goods on credit?
Market risk and diversifiable risk are two components of
The most common form of securing channels is through.....
For the purpose of section 141 goods removed shall qualify as?
Semi-finished goods in the hands of manufacturer
Finished goods requiring further process
Inputs removed as such or after processing
None of the above
Increasing interest rates
discourage corporate investments.
discourage individuals from saving.
encourage corporate expansion.
encourage corporate borrowing.
Which of the following is a double entry for deprecation expenses?
Accumulated depreciation Debit and depreciation expenses Credit
Depreciation expenses Debit and accumulated depreciation Credit
Cash Debit and Depreciation expenses Credit
Depreciation expenses Debit and Cash Credit
The last date for declaring the details of a Credit Note issued on 25-Jun-2018 for a supply made on 19-Sep-2017 is:
31-Dec-2018-Actual date for filing annual return
When a company uses debt fund in its financial structure, it will lead to a change in
Money market leverage
Stock market leverage
Purchase of office equipment for cash will be recorded on which side of a cash book?
With regard to the rate of return on investment (ROI), which one of the following statements is not valid?
It is an overall indicator of the profitability of an enterprise
It is a triangular relationship in the sense that ROI = Profit margin*Asset turnover
It is a superior measure compared to the cash flow generated per share
It was first developed by Dupont, USA
The Secretary of a Company should file copies of Special Resolution passed at Extraordinary General Meeting to the Registrar of Companies within-
A special Audit is conducted by:
The CGST Officials
The SGST Officials
CA or Cost Accountant nominated by the Commissioner
Any of the above
The existence of a Partnership Firm is-
Separate from partners
Not separate from partners
Both (A) and (B)
None of the above
An Unique Identity Number will be allotted to the following persons upon submitting an application:
All the taxable persons can apply.
Only unregistered persons can apply.
Specialized agency of the UNO or any multilateral financial institution or consulate or embassy of foreign countries.
No such concept under CGST/SGST Act.
Room/day is the cost unit used in.....
none of these
In a monopoly market, an upward shift in the market demand results in a new equilibrium with
A higher quantity and a lower price
A higher quantity and the same price
A higher quantity and higher price
All of the above
The credit balance of bank account indicates
Balance in bank
Amount payable by the bank
Amount payable to the bank
None of these
How will the goods and services be classified under GST regime?
GST Code E. None of above
A techniques uses to identify financial statements trends are included
common size analysis
percent change analysis
returning ratios analysis
Both A and B
There are 20 questions to complete.