Miscellaneous in Commerce MCQ Questions and Solutions with Explanations

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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-4

Each section contains 100 MCQs on Miscellaneous in Commerce .

Which of the following best describes a trial balance?

A) It is a list of balances on the books B) It is a special account C) Shows the financial position of a business D) Shows all the entries in the books

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Cost accounting emerged mainly on account of:

A) Statutory requirements B) Competition in the market C) Labour unrest D) Limitations of financial accounting

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Conversion cost includes cost of converting . . . . . . . . into . . . . . . . .

A) Raw material, WIP B) Raw material, Finished goods C) WIP, Finished goods D) Finished goods, Saleable goods

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Under the Foreign Trade Policy 2015-2020, following additional ports are allowed for export and import:
(1) Calicut Airport, Kerala
(2) Rajkot Airport, Gujarat
(3) Arakonam ICD, Tamil Nadu
(4) Ludhiana Airport, Punjab

A) (1) and (3) B) (1) and (4) C) (2) and (4) D) (3) and (4)

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Consider the following characteristics:
(1) High risk high return opportunity
(2) Small and medium size enterprise
(3) Private equity stakes in start-ups
(4) Investment fund
The above attributes are found in:

A) Mutual Funds B) Venture Capital Funds C) Qualified Institutional Buyers D) Domestic Institutional Investors

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Sales made by Mahesh for cash should be debited to:

A) Cash a/c B) Mahesh a/c C) Sales a/c D) Sales return a/c

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Dividend capitalisation model was developed by

A) Ezra Solomon B) Myron J. Gordon C) James E. Walter D) Merton H. Miller and Franco Modigliani

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Lubricants, used regularly in a production process, are classified as:

A) Miscellaneous expense B) Direct materials C) Indirect materials D) Immaterial items

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which one refers to cash inflow under payback period method?

A) Cash flow before depreciation and taxes B) Cash flow after depreciation and taxes C) Cash flow after depreciation but before taxes D) Cash flow before depreciation and after taxes

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

100

Business entity concept distinguishes between:

A) Individual and business B) Business and business C) Owners D) Debtors and creditors

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

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Miscellaneous in Commerce MCQ Questions and Solutions with Explanations | Commerce