Commerce online quiz 85

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
The limitations of has led to the development of standard costing system.
A
Historical costing system
B
cost accounting
C
management accounting
D
none of these
Question 2
For maximisation of profit in the short run, the condition is
A
AR = AC
B
MR = MC
C
MR = AR
D
MC = AC
Question 3
In accounting, resources sacrifice for achieving or fulfil specific objective is known as
A
source cost
B
sacrifice cost
C
treated cost
D
cost
Question 4
A technique uses in comparative analysis of financial statement is
A
graphical analysis
B
preference analysis
C
common size analysis
D
returning analysis
Question 5
When total utility becomes maximum, then marginal utility will be
A
Minimum
B
Average
C
Zero
D
Negative
Question 6
Which of the following software has applications in both Mathematics and statistics.
A
SPSS
B
SAS
C
R
D
None of the above
Question 7
Inflated price method of valuing material issues is suitable when.....
A
Materials are subject to natural wastage
B
prices rise
C
prices fall
D
none of these
Question 8
The ordinary trading account is a locked storehouse of most valuable information to which cost system is the.....
A
Key
B
lock
C
house
D
none of these
Question 9
Unemployment of labour means that
A
A worker does not get full time job
B
A worker is not happy with his present job
C
A person does not get job according to his qualification
D
a' and 'c' both
Question 10
Adjustment Entry for rent received in advance would be-
A
Cash A/c Dr, To Rent Received inAdvance A / c
B
Cash A/c Dr.To Rent A/ c
C
Rent A/c Dr. To Rent Received Advance A/ c
D
Advance Rent A / c Dr. To Rent A / c
Question 11
Correlation between rainfall and population is
A
Negative
B
Positive
C
Zero
D
None of the above
Question 12
Equity shares were earlier known as.....
A
ordinary shares
B
deferred shares
C
redeemable shares
D
irredeemable shares
Question 13
What is nature of Capital account?
A
Debit
B
Credit
C
Expenses
D
Loss
Question 14
An unfavourable material price variance occurs because of:
A
Price increase in raw materials
B
Price decrease in raw materials
C
Less than anticipated normal wastage in the manufacturing process
D
More than anticipated normal wastage in the manufacturing process
Question 15
Material losses due to abnormal reasons should be transferred to.....
A
Profit and loss account
B
Costing Profit and Loss Account
C
Trading Account
D
none of these
Question 16
If default probability is zero and bond is not called then yield to maturity is
A
mature expected return rate
B
lower than expected return rate
C
higher than expected return rate
D
equal to expected return rate
Question 17
In the field of management some of the important techniques, relate to budgeting, cost accounting, planning and control are through
A
Operational Research
B
PERT and CPM
C
Budgetary control
D
Financial Administration
Question 18
"During September, 300 labour hours were worked for a total cost of Rs. 4800 The variable overhead expenditure variance was Rs. 600 (A) Overheads are assumed to be related to direct labour hours of active working. What was the standard cost per labour ho
A
Rs. 14
B
Rs. 1650
C
Rs. 1750
D
Rs. 18
Question 19
The accounting measurement that is not consistent with the going concern concept is
A
historical concept
B
realization
C
transaction approach
D
liquidation value.
Question 20
When the name of the transferee is not filled in not filled in the transfer deed, without filling in the name of the transferee it is called.....
A
option dealing
B
forward dealing
C
blank transfers
D
carry over
There are 20 questions to complete.

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