10000 MCQ /questions on commerce questions answers
Tracking stock of company is also classified as
firm part stock
Cost which is related to specific cost object and cannot be economically traceable is classified as
When actual loss is..than the estimated loss, the difference between the two is considered to be abnormal gain
none of these
The market process involves, which functions?
1, 3 and 4
1, 2, 3, 6 and 7
All of these
What is the name of the anti money laundering software of 3i Infotech Ltd. SBI is going to implement?
Which of the following measures would result in an increase in the money supply in the economy? 1. Purchase of govt securities from the public by the central bank 2. Deposit of currency in commercial banks by the public 3.borrowing by the govt. from the
2 and 4 only
1 and 3
2, 3 and 4
Which of the following sets of expense are the direct expense of business?
Wages, Carriage Inward, Octroi
Postage, Wages, Carriage Inward
Purchases, Wages, Coal Expenses
Both 'a' and 'c'
Banks such as Bank of America serves a range of savers and borrowers are classified as
Average cost method of valuing material issues is suitable when.
prices fluctuate considerably
none of these
When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value, the low value product is called.....
..... is levied on imports of goods and services?
Current value of portfolio is Rs 550 and to cover an obligation of call option is Rs 200 then value of stock would be
Rs 1, 000.00
Payment divided by par value is classified as
per period payment
If debit balances = credit balances, trial balance only shows or checks the..... and it does not indicate that no errors were made during recording and posting.
Errors of commission
Omissions of economic events
Understatements of balances
In income statement of merchandising costs, period cost includes all costs which are not related to
cost of resale goods
cost of manufacturing goods
timed resale of goods
cost of purchased goods
Which was the first Bank to be established in 1148?
Casa De SanGiorgio
All capital expenditures and receipts are taken to
Trading and Profit and Loss Account
None of the above
Returns outward appearing in trial balance is to be deducted from
Markets in which corporations raise capital for creating market transaction which are classified as
consumer credit loans
In master budgeting, cost drivers for manufacturing overhead costs are
direct manufacturing labour-hours
both a and b
There are 20 questions to complete.