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-9 section-1

Each section contains 100 MCQs on Miscellaneous in Commerce .

The basic function of financial accounting is to:

A) Record all business transaction B) Interpret financial data C) Assist the management in performing function effectively D) None of these

Discuss

Answer & Solution

Answer: Option B

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

Profit from sale of assets is example for:

A) Revenue Profit B) Capital Profit C) Loss D) None of these

Discuss

Answer & Solution

Answer: Option B

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

The primary objective of cost accounting is:

A) Ascertain the cost of goods and services B) Ascertain the profit C) Presentation of all data D) None of these

Discuss

Answer & Solution

Answer: Option A

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

Financial accounting deals with:

A) Determination of cost B) Determination of profit C) Determination of price D) Determination of selling price

Discuss

Answer & Solution

Answer: Option B

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

Systems approach to management refers to:

A) The management information system B) The cybernetic approach C) Systematic analysis D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

Which of the following does NOT form a part of the function performed by an office manager?

A) Making Corporate Strategies B) Training of Staff C) Work Measurement and Compensation Management D) Secretarial Services E) Keeping Human Relations

Discuss

Answer & Solution

Answer: Option A

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

Of the following account types, which would be increased by a debit?

A) Liabilities and expenses B) Assets and equity C) Assets and expenses D) Equity and revenues

Discuss

Answer & Solution

Answer: Option C

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

Inventory accounts should be classified in which section of a balance sheet?

A) Current assets B) Investments C) Property, plant and equipment D) Intangible assets

Discuss

Answer & Solution

Answer: Option A

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

Techniques of capital budgeting is applied to evaluate:

A) Investment in financial assets B) Investment in fixed assets C) Investment in current assets D) Investment in wasting assets

Discuss

Answer & Solution

Answer: Option B

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

The most recent consideration in product packaging is

A) Cost effectiveness B) Product protection C) Product promotion D) Economy

Discuss

Answer & Solution

Answer: Option C

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