Miscellaneous in Commerce MCQ Questions and Solutions with Explanations

Home

Competitive Exams MCQs

Aptitude English Verbal Reasoning Non Verbal Reasoning General Knowledge(GK) General Science(GS) Data Interpretation(DI) Banking Awareness Current Affairs

Computer Fundatmental MCQs

Computer Fundamentals Microsoft Word Microsoft Excel MS Power Point Tally Operating System Python AI(Artificial Intelligence)

Engineering Subjects MCQs

Computer Science Electronics & Communication Mechanical Engineering Civil Engineering Electrical Engineering

More Engineering MCQs

Chemical Engineering Automobile Engineering Biotechnology Mining Engineering Geological Engineering Metallurgical Engineering

Engineering Core

Engineering Mathematics Engineering Physics Engineering Chemistry

Computer Fundamentals MCQs

Computer Fundamentals Microsoft Word Microsoft Excel MS Power Point Tally Operating System Networking Database SQL MySQL

Programming MCQs

C Programming C++ Programming Java Python PHP JavaScript

Advanced Programming MCQs

Artificial Intelligence Machine Learning Data Science Cloud Computing Hadoop IoT

Graduation & PG

Commerce Management Law Agriculture Sociology Psychology Home Science Mass Communication Political Science Psychology

Resources

Current Affairs Interview Blog

Exam Categories

SSC Exams Railway Exams All Exams

SSC Exams

SSC CGL SSC CHSL SSC MTS SSC CPO SSC GD SSC JHT SSC Selection Post SSC Stenographer SSC JE

Railway Exams

RRB ALP RRB Technician RRB Section Controller RRB JE RRB Paramedical RRB Group D

Popular Exams

SSC CGL SSC CHSL SSC MTS RRB NTPC (Graduate) RRB Group D RRB ALP RRB Technician RRB Section Controller

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-5 section-2

Each section contains 100 MCQs on Miscellaneous in Commerce .

The trial balance is . . . . . . . .

A) is a formal financial statement B) is used to prove that there are no errors in the journal or ledger C) provides a listing of every account in the chart of accounts D) provides a listing of the balance of each account in active use

Discuss

Answer & Solution

Answer: Option D

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

The convention of conservatism is applicable:

A) In providing for discount on creditors B) In making provision for bad doubtful debts C) Providing depreciation D) None of these

Discuss

Answer & Solution

Answer: Option B

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

If there is mutual indebtedness between the transferor company and the transferee company in business combination, which of the following is correct?

A) No adjustment is required in the books of the transferor company B) Adjustment is required in the books of the transferor company C) No adjustment is required in the books of the transferee company D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

According to which concept business is treated as a unit apart from owner:

A) Dual concept B) Divider concept C) Entity concept D) Landlord concept

Discuss

Answer & Solution

Answer: Option C

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

From the point of view of society, which of the following will be an evil effect of business combination?

A) Maldistribution of economic resources B) Centralisation of economic power C) Elimination of healthy competition D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

Interest, rent, electricity bill are types of account

A) Personal a/c B) Impersonal a/c C) Real a/c D) Nominal a/c

Discuss

Answer & Solution

Answer: Option D

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

Which of the following Section of SEBI Act prohibits Insider Trading?

A) Section 12-A B) Section 13-A C) Section 15-A D) None of these

Discuss

Answer & Solution

Answer: Option D

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

A system in which accounting entries are made on the basis of amounts having become due for payment or receipt is called:

A) Cash concept B) Accrual concept C) Matching concept D) On-going concept

Discuss

Answer & Solution

Answer: Option B

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

PAN is related to:

A) Income tax B) Railways C) Post office D) Banks

Discuss

Answer & Solution

Answer: Option A

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

Bad debt amount should be credited to:

A) Debtors account B) Bad debts account C) Sales account D) Creditors account

Discuss

Answer & Solution

Answer: Option A

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

1 2 3 4 5 6 7 8 9 10

Miscellaneous in Commerce MCQ Questions and Solutions with Explanations | Commerce