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-6 section-2

Each section contains 100 MCQs on Miscellaneous in Commerce .

Aggregate of direct costs is known as:

A) Direct material costs B) Direct wages C) Direct expenses D) Prime cost

Discuss

Answer & Solution

Answer: Option D

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

Modern Method of Accounting was introduced by:

A) M. S. Gosav B) Wheldon C) Luco Pacioli D) R. N. Carter

Discuss

Answer & Solution

Answer: Option C

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

Amount brought in by proprietor should be credited to:

A) cash account B) capital account C) drawings account D) creditors account

Discuss

Answer & Solution

Answer: Option B

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

Investment capital × $$\frac{{{\text{Normal rate of return}}}}{{100}}$$ is:

A) Average profit B) Bonus C) General profit D) Adjusted average profit

Discuss

Answer & Solution

Answer: Option C

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

Double entry system is used in which type of accounting:

A) Cost B) Financial C) Management D) All of these

Discuss

Answer & Solution

Answer: Option B

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

Cost accounting information can be used for:

A) Budget control and evaluation B) Determining standard costs and variances C) Pricing and inventory valuation decisions D) All of these

Discuss

Answer & Solution

Answer: Option D

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

If the risk-free return (Rf) is 6%, Beta value (β) is 1.5 and market rate of return (Km) is 10%, the expected rate of return would be

A) 15% B) 12% C) 17.5% D) 16%

Discuss

Answer & Solution

Answer: Option B

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

Purchases of goods on credit from A is recorded as:

A) Debit purchases a/c; credit cash a/c B) Debit A a/c; credit purchases a/c C) Debit purchases a/c; credit A a/c D) Debit A a/c; credit stock a/c

Discuss

Answer & Solution

Answer: Option C

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

Tally software is not mainly used for?

A) Voucher B) Financial statements C) Taxation D) Banking

Discuss

Answer & Solution

Answer: Option D

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

A book containing a chronological record of business transaction & original record:

A) Journal B) Ledger C) Trial balance D) None of these

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