10000 MCQ /questions on commerce questions answers
..... Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.
Both (A) and (B)
none of these
Material Usage Variance=Material Mix Variance +..
Material Yield Variance
Material cost variance
Material price variance
Material quantity variance
The amount of the temporary working capital.....
keeps on fluctuating from time to time
remains constant for all times
financed through long term services
none of the above.
In 'Direction' who is given importance?
To paper work
Financial statements mainly help in
Assumption of economic events
Anticipation of economic events
Recording of economic events
Communication of economic events
If the current ratio is 2, current assests are worth Rs. 1, 600, if current ratio is not allowed to fall below 1.5, how much additional can be borrowed by the company on the short term basis?
Rs. 2, 733
Amortization of unidentified intangible assets is in terms of
Payment of LIC premium of the proprietor is debited to
LIC premium account
None of these
Markets dealing with residential loans, industry real estate loans, agricultural loans and commercial loans are called
Elements of marketing planning is
It involves an analysis of past events and projection of future events
In envisages determination of the future course of marketing action
Marketing planning is a managerial function
All of the above
Betas that are constantly adjusted to reflect changes in capital structure and firms operations are classified as
A perfect market is one in which.....
One firm develops an advantage based on a factor of production that other firms cannot purchase
One participant in the market has more resources than the others
there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production
competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage
Line which uses to join observations with lower and highest values of cost driver is called
The default rule of place of supply of services made to a registered person shall be.....?
Location of such person
Location of service provider
Location where service is provided
Location where agreement for rendering of service is executed
As per Sec.139(1), a company shall have to file return of income
When its total income exceeds Rs. 50, 000
When its total income exceeds the maximum amount which is not chargeable to income tax
In all cases irrespective of any income or loss earned by it.
None of the above
Recommendations of the 14th Finance Commission have become operational for the period
.....arises where the actual process loss is less than the normal predetermined process loss.
none of these
Input tax credit in relation to SGST means:
SGST and CGST
SGST and IGST
IGST and CGST
IGST, SGST and CGST
Which form is to be used for registration?
Form GST REG-01
Form GST REG
The partnership entity is.....
legal entity and accountable entity
neither entity nor accountable entity
group of individuals without legal status
There are 20 questions to complete.