Miscellaneous in Commerce MCQ Questions and Solutions with Explanations

Miscellaneous in Commerce MCQ Questions and Solutions with Explanations | Commerce

Miscellaneous in Commerce MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Miscellaneous in Commerce MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-3

The main objective of financial management is

A) Maximizing sales B) Maximizing the value of the estate C) Maximizing profits D) None of these

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Answer & Solution

Answer: Option B

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Management Accounting provides invaluable services to management in performing:

A) All management function B) Interpret financial data C) Controlling function D) None of these

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Answer & Solution

Answer: Option A

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Accounting concepts are based on:

A) Certain assumptions B) Certain facts and figures C) Certain accounting records D) Practice experience

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Answer & Solution

Answer: Option B

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One of the following statements is wrong. Find out that Wrong statement.

A) In a contract of guarantee the liability of the surety is primary B) In a contract of indemnity only there is one contract C) In a contract of guarantee there is an existing debt D) In a contract of indemnity the indemnifier can sure upon only the indemnity holder E) In a contract of guarantee the surety after the discharge of dept proceed against the principal debtor

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Answer: Option A

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Managerial accounting information is generally prepared for . . . . . . . .

A) Shareholders B) Creditors C) Managers D) Regulatory agencies

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Answer & Solution

Answer: Option C

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Cost of goods sold = opening stock + net purchases + expenses on purchases - sales. Which part of formula is wrong?

A) opening stock B) net purchases C) expenses on purchases D) sales

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Answer & Solution

Answer: Option D

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A company's telephone bill consisting of a Rs. 200 monthly base amount, plus long distance charges, would be classified as a:

A) Variable cost B) Committed fixed cost C) Direct cost D) Semi-variable cost

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Answer & Solution

Answer: Option D

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Which one of the following is not the advantage of database management system?

A) Centralized control B) High acquisition costs C) Improved data integrity D) Shared data

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Answer & Solution

Answer: Option B

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Which of the following is not true with reference to capital budgeting?

A) Capital budgeting is related to asset replacement decisions B) Cost of capital is equal to minimum required rate of return C) Timing of cash flows is relevant D) Existing investment in a project is not treated as sunk cost

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Answer & Solution

Answer: Option D

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100

FAX is used for:

A) sending telephonic message B) sending copies of documents C) exercising control D) decision making

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Answer & Solution

Answer: Option B

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