Commerce MCQ Questions and Answers
Quantitative Aptitude - Commerce MCQ Questions with Answers are essential for students preparing for commerce exams. Commerce MCQ Aptitude improves analytical skills and understanding of business mathematics, making it useful for CA, ICWA, and other commerce exams.
Commerce MCQ
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242 questions
121. A Balance Sheet shows only-
- Personal Accounts and Nominal Accounts
- Real Accounts and Nominal Accounts
- Personal Accounts and Real Accounts
- Personal, Real and Nominal Accounts
122. Discount on Issue of Shares A/c is shown at the-
- Debit side of P & L A/c
- Assets side of B/S
- Liabilities side of B/S
- None of the above
123. Pre-incorporation Profit is transferred to-
- General Reserve
- Capital Reserve
- Profit and Loss A/c
- Trading A/c
124. Which of the following is shown in Profit & Loss Appropriation A/c ?
- Provision for Income Tax
- Provision for Depreciation
- Provision for Doubtful Debts
- Contribution to General Reserve
125. On liquidation of a Company first payment is made in respect of-
- Liquidator’s remuneration
- Legal expenses
- Preferential creditors
- None of the above
126. Workmen’s Compensation Fund is a-
- Provision
- Surplus
- Current liability
- Loan
127. Debentures of Rs. 4,25,000 are issued against the purchase of assets of Rs. 4,50,000. In this case the amount of Rs. 25,000 is-
- Capital Reserve
- Securities Premium
- Revenue Profit
- Goodwill
128. A Company can reissue its forfeited shares-
- At a premium
- At a face value
- At a discount
- All of the above
129. Which of the following is an example of capital expenditure ?
- Insurance Premium
- Taxes and Legal expenses
- Depreciation
- Custom duty on import of machinery
130. Given : Average profit of a firm Rs. 21,000 Normal Profit Rs. 18,000 Value of goodwill on the basis of 3 years purchases of super profit shall be-
- Rs. 39,000
- Rs. 9,000
- Rs. 3,000
- Rs. 12,000