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
131. A co-operative auditor starts his work of audit from-
- Account Books
- Payment Books
- Cash Book
- None of the above
133. Goods worth Rs. 2,000 were distributed to employees free of charge. The account to be debited is-
- Profit and Loss A/c
- Advertisement A/c
- Labour Welfare A/c
- Goods A/c
134. The maximum rate of underwriting commission on debentures is-
- 10%
- 2•5%
- 12•5%
- 5%
135. X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares, 8 shares were reissued to Ram as fully paid up on payment of Rs. 5•50 per share, the amount that will remain standing to the credit of Share Forfeited A/c will be-
- Rs. 48
- Rs. 72
- Rs. 84
- Rs. 120
136. Bonus Shares are issued to-
- Equity Shareholders
- Preference Shareholders
- Debenture Holders
- Secured Creditors
137. On an equity share of Rs. 100, the minimum amount payable on application under the law should be-
- Rs. 20
- Rs. 15
- Rs. 10
- Rs. 5
138. Share Premium received by a Company may be used for-
- Payment of dividend
- Payment of remuneration to management
- Issue of Bonus shares
- None of these
139. Garner Vs. Murray rule applies in case of-
- Admission of a partner
- Dissolution of a firm
- Retirement of a partner
- Death of a partner
140. When sale is Rs. 4,80,000, gross loss is 25% on cost, purchase is Rs. 3,50,000 and closing stock is Rs. 60,000, the stock in the beginning would be-
- Rs. 70,000
- Rs. 94,000
- Rs. 1,34,000
- Rs. 3,50,000