10000 MCQ /questions on commerce questions answers
Which of the following is affected by treatment of an accrued item in accounting?
Profit and Loss A/c only
Profit and Loss Appropriation A/c
Balance Sheet only
Profit and Loss A/c and Balance Sheet
Which of the following is mandatory pre-condition in respect of downward price revision during transition period?
Recipient of credit note reduced his input tax credit
Supplier should revise earlier return and reduce tax liability
Supplier claims refund of downward revision
Recipient intimates his jurisdictional officer of such downward revisions
Bonus share are not permitted unless the..... shares, if any, are made fully-paid.
Contracts of export of goods and services against payment to be secured partly or fully beyond 90 days are treated as deferred payment exports. Which of the statements given above is/are correct?
Both 1 and 2
Neither 1 nor 2
Which method is suitable for large office?
Excess of debit over credit in the trading account means.....
cost of goods sold
none of these
Cost of operating activity, facility or any cost object which usually shares by two or more than two users is classified as
When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to.....
1/3rd of Notional Profit x cash received Work certified
1/2 of Notional Profit x cash received Work certified
2/3rd of Notional profit x cash received Work certified
full Notional Profit.
Internal Auditor can be removed by the?
OTCEI stands for.....
Over The Counter Exchange Of India
Over The Country Exchange Of India
Over The Comparison Exchange Of India
Over The Company Exchange Of India
In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
The details submitted by the supplier in Form GSTR 1 are communicated to the registered taxable person in Returns
Form GSTR 1A on 17th of the succeeding month
Form GSTR 2A on 15th of the succeeding month
Form GSTR 2A after the due date of filing Form GSTR 1
Form GSTR 1A on 15th of the succeeding month
Joint cost allocation method for joint products, which is based on achievable value is known as
joint products value at split off method
main product cost at split off method
Gross realizable value method
net realizable value method
Expenses paid in advance is.....
Which one is threat for E-commerce?
Which of the following is not factors of the demand variable, according to Philip Kotler?
All of the above
The tax invoice should be issued.....the date of supply of service:
Within 30 days from
Within 1 month from
Within 15 days from
E-business can be defined as.....
the uninhibited flow of information and goods on the Web
the use of the Internet and the Web to transact business
digitally enabled transactions and processes within an organization
commercial transactions involving electronic goods
Inventory turnover ratio = Cost of..during the period $\div$Cost of average inventory held during the period.
none of these
In capital market line, risk of efficient portfolio is measured by its
There are 20 questions to complete.