10000 MCQ /questions on commerce questions answers
In stand-alone revenue-allocation method, type of weights available for this method is
selling prices as weight
unit costs as weights
physical units as weights
all of above
In case of discontinuance of the AOP, the liability of the member exists in respect of the tax dues imposed.....
Prior to the date of discontinuance
After the date of discontinuance
Both prior and after the date of discontinuance
None of the above
Inventory turnover in days = Days during the period $\div$.....
Inventory turnover ratio
material consumed during the period
cost of average stock during the period
none of these
The time limit to proper officer to pass final order after accepting the refund application is-
Within sixty days from the date of receipt of application.
Within eighty days from the date of receipt of application.
Within ninety days from the date of receipt of application.
Within thirty days from the date of receipt of application.
Under Section 275 of the Companies' Act, 1956 a person can become director in public company of not more than-
Question 5 Explanation:
No person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time: Provided that the maximum number of public companies in which a person can be. appointed as a director shall not exceed ten.
Coefficient of variation is used to identify an effect of
Both A and B
A person having....business verticals in a State....obtain a separate registration for each business vertical.
Variable costs change.....with change in output.
Market in which bonds are traded over-the-counter than in an organized exchange is classified as
Value of stock is Rs 900 and required rate of return is 30% then preferred dividend will be
Rs 27, 000.00
A taxable person shall not be entitled to take input tax credit in respect of any goods services to him after the expiry of..... from the date of tax invoice related to such supply?
Acceptance of deposits by non-banking financial companies is regulated by RBI under:
Non-banking financial companies acceptance of public deposits (Revenue Bank) directions 1998
Non-banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998
Non-banking financial companies acceptance of public deposits (Revenue Bank) directions, 1998
Non-banking financial companies acceptance of deposits money lenders (RevenueBank) directions, 1998
Costing and cost accounting are...
not related at all
one and the same
Not the same
none of these.
In labour oriented manufacturing industry which method of overhead absorption is suitable?
Direct material cost method
Prime cost method
Labour hour method
Machine hour method
Which of the following will be excluded from the computation of 'aggregate turnover'?
Value of Taxable supplies
Value of Exempt Supplies
Value of inward supplies on which tax is paid on reverse charge basis
Volume variance arises because of:
Increase in overhead rate per hour
Decrease in overhead rate per hour
Increase or decrease in actual output as compared to the budgeted output.
Difference in budgeted overheads and actual overheads.
Discriminating monopoly implies that the monopolist charges different prices for its commodity
From different groups of consumers
For different uses
At different places
Any of the above
Creating multiple versions of information goods and selling essentially the same product to different market segments at different prices is called.....
Characteristic of corporation that it can continue its work even owners are decreased can be classified as
The order u/s 64 may be withdrawn:
On an application made by taxable person,
if the Additional/Joint Commissioner considers that such order is erroneous.
Either (a) or (b)
The order passed u/s 64 cannot be withdrawn.
There are 20 questions to complete.