10000 MCQ /questions on commerce questions answers
Formula Sales revenue minus operating cost and taxes minus operating capital investments is used to calculate
free cash flows
Budgeted income statement and supporting budget schedules are categorized under
budgeted income statement
Petty cash is used for payment of
Salaries & wages of the staff
For purchase of assets
Small expenses relating to postage's and conveyance etc.
All of the above
..... is the first state to ratify GST bill.
Bihar E. Telangana
Exempt supplies under Section 17 (apportionment of credit) includes
Only exempted supplies
Reverse charge supplies and sale of land
Exempted supplies, reverse charge supplies, Transaction in securities, sale of land, sale of building
None of the above
Second step in processing costing system is to
summarize total costs
compute cost for each equivalent unit
summarize flow of output
compute output in units
.....is concerned with discovery of facts concerning a job and.....is concerned with ascertaining the money value of a job.
Job description, job evaluation
job specifications, job evaluation
job analysis, job evaluation
none of these
An efficient market hypothesis states in which all public or private information is reflected in current market prices is classified as
semi strong efficiency
weak form efficiency
strong form efficiency
An income available for shareholders after deducting expenses and taxes from revenues is classified as
Which of the following is not a financial statement?
Profit and loss account
Profit and loss appropriation account
Marginal cost curve cuts the average cost curve from below at
its lowest point
the left of the lowest point
right of the lowest point
All of the above
The process of evaluating employees is called-
What does 'aged debtors analysis' signify?
shows how long debts have been outstanding
How old the customers are
How long does a business take to repay the bank loans
Minimum number of old debtors
Long period of bond maturity leads to
more price change
A fixed deposit receipt is kept with the bank for its safety, is known as.....?
Valid safe deposit
.....costs are partly fixed and partly variable in relation to output.
Both (A) and (B)
Which of the following represents a limiting factor for the growth of e-commerce?
Persistent cultural attraction of physical markets and traditional shopping experiences
Inadequate selection of goods compared to physical marketplaces
E-commerce lacks the convenience of other methods of transacting business
The potential audience for e-commerce is too low to support it as a widespread method of commerce
In Journal, the business transaction is recorded
Once in a week
Once in a month
Rate of required return by debt holders is used for estimation the
cost of debt
cost of equity
cost of internal capital
cost of reserve assets
The ascertainment of costs after they have been incurred is known as.....
There are 20 questions to complete.