Commerce online quiz 22

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Formula Sales revenue minus operating cost and taxes minus operating capital investments is used to calculate
A
available income
B
cash income
C
free cash flows
D
free distribution
Question 2
Budgeted income statement and supporting budget schedules are categorized under
A
focused statement
B
slack statement
C
budgeted income statement
D
operating budget
Question 3
Petty cash is used for payment of
A
Salaries & wages of the staff
B
For purchase of assets
C
Small expenses relating to postage's and conveyance etc.
D
All of the above
Question 4
..... is the first state to ratify GST bill.
A
Andhra Pradesh
B
Assam
C
Arunachal Pradesh
D
Bihar E. Telangana
Question 5
Exempt supplies under Section 17 (apportionment of credit) includes
A
Only exempted supplies
B
Reverse charge supplies and sale of land
C
Exempted supplies, reverse charge supplies, Transaction in securities, sale of land, sale of building
D
None of the above
Question 6
Second step in processing costing system is to
A
summarize total costs
B
compute cost for each equivalent unit
C
summarize flow of output
D
compute output in units
Question 7
.....is concerned with discovery of facts concerning a job and.....is concerned with ascertaining the money value of a job.
A
Job description, job evaluation
B
job specifications, job evaluation
C
job analysis, job evaluation
D
none of these
Question 8
An efficient market hypothesis states in which all public or private information is reflected in current market prices is classified as
A
market efficiency
B
semi strong efficiency
C
weak form efficiency
D
strong form efficiency
Question 9
An income available for shareholders after deducting expenses and taxes from revenues is classified as
A
net income
B
net earnings
C
net expenses
D
net revenues
Question 10
Which of the following is not a financial statement?
A
Profit and loss account
B
Profit and loss appropriation account
C
Balance sheet
D
Trial Balance
Question 11
Marginal cost curve cuts the average cost curve from below at
A
its lowest point
B
the left of the lowest point
C
right of the lowest point
D
All of the above
Question 12
The process of evaluating employees is called-
A
Performance appraisal
B
Recruitment
C
Induction
D
Job evaluation
Question 13
What does 'aged debtors analysis' signify?
A
shows how long debts have been outstanding
B
How old the customers are
C
How long does a business take to repay the bank loans
D
Minimum number of old debtors
Question 14
Long period of bond maturity leads to
A
more price change
B
stable prices
C
standing prices
D
mature prices
Question 15
A fixed deposit receipt is kept with the bank for its safety, is known as.....?
A
Safe custody
B
Safe deposit
C
Locker
D
Valid safe deposit
Question 16
.....costs are partly fixed and partly variable in relation to output.
A
Variable
B
fixed
C
Semi-variable
D
Both (A) and (B)
Question 17
Which of the following represents a limiting factor for the growth of e-commerce?
A
Persistent cultural attraction of physical markets and traditional shopping experiences
B
Inadequate selection of goods compared to physical marketplaces
C
E-commerce lacks the convenience of other methods of transacting business
D
The potential audience for e-commerce is too low to support it as a widespread method of commerce
Question 18
In Journal, the business transaction is recorded
A
Same day
B
Next day
C
Once in a week
D
Once in a month
Question 19
Rate of required return by debt holders is used for estimation the
A
cost of debt
B
cost of equity
C
cost of internal capital
D
cost of reserve assets
Question 20
The ascertainment of costs after they have been incurred is known as.....
A
marginal costing
B
historical costing
C
sunk cost
D
notional cost
There are 20 questions to complete.

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