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-7 section-5

Each section contains 100 MCQs on Miscellaneous in Commerce .

In a big office, the Franking Machine is a useful time-saver for:

A) Cash Department B) Correspondence Department C) Mailing Department D) Accounting Department

Discuss

Answer & Solution

Answer: Option C

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

In manufacturing a product, prime costs are:

A) Raw materials and manufacturing overhead B) Indirect materials and manufacturing overhead C) Indirect labour and manufacturing overhead D) Direct materials and direct labour

Discuss

Answer & Solution

Answer: Option D

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

Which of the following errors will be disclosed in the preparation of a trial balance?

A) Recording transactions in the wrong account B) Duplication of a transaction in the accounting records C) Posting only the debit portion of a particular journal entry D) Recording the wrong amount for a transaction to both the account debited and the account credited

Discuss

Answer & Solution

Answer: Option C

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

Current liability does not include:

A) Sundry creditors B) Acceptances C) Unclaimed dividend D) Short-term investment

Discuss

Answer & Solution

Answer: Option D

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

Which of the following falls under the secondary market?

A) Initial public offerings (IPO) B) National Stock Exchange (NSE) C) Issue of new securities with the help of underwriters D) None of these

Discuss

Answer & Solution

Answer: Option B

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

Return of goods by a customer should be debited to . . . . . . . .

A) Customers account B) Sales return account C) Goods account D) Purchase account

Discuss

Answer & Solution

Answer: Option B

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

When the shares of a public industry are sold in the market, it is called

A) Globalization B) Privatization C) Disinvestment D) Liberalization

Discuss

Answer & Solution

Answer: Option C

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

The aspects of capital budgeting problem are

A) Demand of capital B) Supply of capital C) Rationing of capital D) All of the above

Discuss

Answer & Solution

Answer: Option D

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

Which of the following is correct?

A) Profit does not alter capital B) Capital can only come from profit C) Profit reduces capital D) Profit increases capital

Discuss

Answer & Solution

Answer: Option D

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

In an electronic computer, the device used to transform the information from common language to machine language is

A) Key punch B) Interpreter unit C) Input device D) Arithmetic unit

Discuss

Answer & Solution

Answer: Option B

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