10000 MCQ /questions on commerce questions answers
..... is a preventive function.
Which index system is used when small information is required about customers?
The normal balance of capital account is
Neither debit nor credit balance
Under vouching, checking is done of-
Journal and Ledger
Profit and Loss Account
All of the above
In capital budgeting, a technique which is based upon discounted cash flow is classified as
net present value method
net future value method
net capital budgeting method
net equity budgeting method
What is 'deemed exports' provisions applicable to?
Deemed export provision is applicable only to goods
Deemed export provision is applicable only to services
Deemed export provision is applicable both to goods and services
Deemed export provision is applicable when goods and services are supplied to SEZ units/ developers
Accounting Standard 10 deals with accounting for----.
cash flow statement
none of these
The basis of determining dearness allowance to employees in India is?
Consumer Price Index
Whole Sale Price Index
Retail Price Index
Retail Price Index
Second step in developing operating budget is to
..... is the rate at which commercial banks charge on their surplus funds with RBI.
Reverse Repo Rate
In expected rate of return for constant growth, an expected yield on capital must be
equal to zero
greater than expected growth rate
less than expected growth rate
equal to expected growth rate
Which of the following is true in respect of events after the applicability of GST?
Proceedings under earlier law will be disposed of under the earlier law
Any default due to proceedings in the earlier law will be recovered in the earlier law
Proceedings under the earlier law will be disposed of under the new law
Any refund due to the proceedings will be admissible as input tax credit
Whether a taxable person who has paid IGST on a transaction considered by him to be an inter-state supply, but which is subsequently held to be an intra-state supply is required to pay interest?
At proper officer's discretion
None of the above
Which type of shareholders does not have voting rights?
In an accounting system, document which supports journal entries is classified as
If market interest rate rises above coupon rate then bond will be sold
equal to return rate
below its par value
above its par value
Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as
Calculation of product cost, gathering information for planning and analyzing information for decisions making are features of
The ITC claimed by a Recipient of Supply will be provisionally allowed at first and the same will be confirmed subject to: (i) Possession of Tax Paying Document not expiring 1 year from the date of issue and Matching of the Invoices (ii) Receipt of Goods
i, ii & iii
i, ii & iv
ii, iii & iv
I, ii, iii & iv
The elasticity of substitution between two perfect substitutions is
Greater than zero
Less than infinity
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