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-2 section-1

Each section contains 100 MCQs on Miscellaneous in Commerce .

Credit balance of profit & loss a/c shown on:

A) Asset side of balance sheet B) Liability side of balance sheet C) Not shown in balance sheet D) Half on asset side and half on liability side

Discuss

Answer & Solution

Answer: Option B

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

The amount of salary paid to Suresh should be debited to:

A) The account of Suresh B) Salaries a/c C) Cash a/c D) Bank a/c

Discuss

Answer & Solution

Answer: Option B

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

When the completion stage of the contract is more than half, the profit is to be credited to profit and loss account will be equal to?

A) 1/3^rd B) 2/3^rd C) 2/5^th D) 1/5^th E) 4/5^th

Discuss

Answer & Solution

Answer: Option B

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

When a cement company, a steel company and a chemical company combine, it is a case of:

A) Horizontal combination B) Vertical combination C) Circular combination D) None of the above

Discuss

Answer & Solution

Answer: Option C

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

The cost concept records the figures at:

A) Market values B) Actual amount paid C) Actual amount or market values whichever is less D) MRP maximum retail price

Discuss

Answer & Solution

Answer: Option B

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

Which of the following is not the function of stock exchange?

A) Valuation of securities B) Protecting investors C) Ensuring higher profits D) Organizing savings

Discuss

Answer & Solution

Answer: Option C

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

All those to whom business owes money are:

A) Debtors B) Investors C) Creditors D) Shareholders

Discuss

Answer & Solution

Answer: Option C

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

The concept of present value is based on the :

A) Principle of compounding B) Principle of discounting C) A and B D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

Preliminary expenses are recorded in . . . . . . . .

A) Equity and liabilities - Liability side of B/S B) Current liabilities - Liability side of B/S C) Fixed assets - Asset side of B/S D) Asset side of B/S

Discuss

Answer & Solution

Answer: Option D

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

Which of the following is not a function of Foreign Exchange Market?

A) Stabilization function B) Hedging function C) Credit function D) Transfer function

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