10000 MCQ /questions on commerce questions answers
The assets which are purchased to improve profitability in the business not for the purpose of resale, are called?
In case of joint products, the main objective of accounting of the cost is to apportion the joint costs incurred up to the split off point. For cost apportionment one company has chosen Physical Quantity Method. Three joint products 'A', 'B' and 'C' are
Rs 1, 20, 000
Rs 60, 000
Rs 1, 80, 000
None of the these
An expected future cost which diverges in unconventional course of action is known's as
The Items which will be taxable both under current Central Excise Law and new GST even after the implementation of the GST Act.
Alcoholic Liquor for Human Consumption
Tobacco and Tobacco Products
On which one of the following items, GST will be levied;
Liquefied petroleum Gas
High Speed Diesel oil
Net profit is computed in which of the following?
Cash flow statement
Statement of changes in equity
Time wages are paid on the basis of.....
Which products are people most likely to be more uncomfortable buying on the Internet?
All of the above
Which of the following is a current liability
five year bank loan
workmen compensation fund,
dividend equalisation reserve.
For credit to be allowable, invoices should not be issued earlier than:
Three months before the appointed day
Six months before the appointed day
Nine months before the appointed day
Twelve months before the appointed day
Which one of the following branches of accounting primarily deals with processing and presenting of accounting data for internal use?
Advance payment of tax is in the nature of?
The following item is shown in profit and loss appropriation account.
Discount of issue of shares
Which one is more appropriate for cost of retained earning?
Weighted Average cost of capital
Opportunity cost to the firm
Expected rate of return by the investor
None of the above
Which of the following statements are true? (a)Unclaimed dividend is an asset of a company. (b)Dividend declared between two annual general meetings is called final dividend. (c) A company can distribute interim dividend and final dividend in the same fi
(b) and (c)
(a), (b) and (c)
(a) and (c)
(a) and (b)
Which of the following is known as the base for preparing trial balance?
What Web server functionality allows it verify usernames and passwords and process certificates and encryption information?
Processing of HTTP requests
File Transfer Protocol
Factor used to predict dependent variable is named as
The equilibrium firm concept has been given by?
J. K. Mehta
'Object Clause' of a Memorandum of Association can be altered by-
Special resolution and confirmation by Registrar of Companies
Special resolution and confirmation by Company Law Board
There are 20 questions to complete.