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Past Years Commerce Questions
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Past Years Commerce Questions
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25 Questions

1. Increase in fixed asset due to purchase is-”
2. The following data relates to manufacturing company for the year 2006-07-” Net Profit as per P & L A/c-”Rs. 240000; Depreciation-”Rs. 80000; Goodwill written-off-”Rs. 40000 Profit on Sale of Fixed Assets-”Rs. 16000 Proposed Dividend-”Rs. 96000. The fund from operation would be-”
3. The capital issues of public limited companies are subject to guidelines issued by-”
4. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
5. -œOrganisation is the foundation of management.- This statement is given by-”
6. Disinvestment of shares means-”
7. The present World Economic Depression first of all started from which country ?
8. Audit adopted by banking company is-”
9. Which is not a insurable risk ?
10. The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 540000; Fixed selling overhead Rs. 252000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees-”
11. From the information given below calculate Debt service coverage Ratio-” Net profit after interest and Tax Rs. 40000 Depreciation Rs. 5000 Rate of Income Tax 50% 10% Mortgage Debentures Rs. 60000. Fixed Interest Charges Rs. 6000 Debenture Redemption Fund Appropriation of Outstanding Debentures 10%.
12. In common size Balance Sheet analysis we evaluate-”
13. Average stock of firm is Rs. 80000 the opening stock is Rs. 10000 less than closing stock. Find opening stock.
14. Which of the following have lien of Company Auditor ?
15. Rate of Gross Profit on cost is 25%. Total sales is Rs. 100000 and Average Stock is Rs. 160000. Stock Turnover Ratio will be-”
16. The Essence of Control is-”
17. In -˜Direction-™ who is given importance ?
18. Convertibility of the rupee implies-”
19. In Need Hierarchy Theory of Abraham H. Maslow Self Actualisation needs are at level-”
20. The object of -˜Agenda-™ is to inform-”
21. Ploughing-back of profits means-”
22. -œOrganisation is a Management Process by which people functions and physical factors are brought together to form a controllable unit.- This definition is given by-”
23. In order to reduce the risk of heavy insurance the insurer passes on some business to the other company it is called-”
24. Contents of Marine Insurance include-”
25. Total sales is Rs. 760000 cash sales Rs. 30000 collection period is 25 days debtors at Balance Sheet date will be-”

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