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Past Years Commerce Questions - Set 5
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Past Years Commerce Questions - Set 5
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25 Questions

1. Increase in fixed asset due to purchase is-”
2. Auditor shall be punished with imprisonment for a maximum period of -¦-¦-¦ under Section 539 for falsification in the books of accounts.
3. -œOrganisation is the foundation of management.- This statement is given by-”
4. Current Ratio is 3-¢75 - Acid Test Ratio is 1-¢25 Stock Rs. 3 - 75 - 000 - calculate working capital.
5. Final accounts prepared in narrative style are in-”
6. Depletion method of depreciation is used in case of-”
7. An annual general meeting may be called after giving shorter notice instead of 21 clear days - if consent is accorded by-”
8. Price earning ratio is 83-¢33% and E.P.S. is Rs. 30. The market price of equity share will be-”
9. Appointment of a person who is a Director - as a Secretary in the Company would require approval of the company by-”
10. For calling the Extraordinary General Meeting a clear notice of -¦-¦-¦ days must be given to all the members.
11. According to Balance Sheet equation concept - the capital will be-”
12. Which is not a insurable risk ?
13. Share premium account can be used for-”
14. Due to coordination-”
15. For the purpose of preparation of fund flow statement - fund means-”
16. In a public company the minimum number for having a Quorum in a meeting is-”
17. The capital issues of public limited companies are subject to guidelines issued by-”
18. A public company can start its business operations after getting-”
19. Managerial Planning is a-”
20. -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-”
21. It is given that cost of stock is Rs. 100. However - its market price is Rs. 98 (buying) and Rs. 140 (selling). If the market price is interpreted as the replacement cost - then the stock should be valued at-”
22. Among the following which is not an error of commission ?
23. The following particulars relate to manufacturing factory for the month of March 2008. Variable cost per unit Rs. 11; Fixed factory overhead Rs. 5 - 40 - 000; Fixed selling overhead Rs. 2 - 52 - 000; Variable selling cost Rs. 3; Sales Price per unit Rs. 20. Find out the Break-Even Point in rupees-”
24. Net profit after interest and Tax Rs. 40 - 000 - Depreciation Rs. 5 - 000 - Rate of Income Tax 50% - 10% Mortgage Debentures Rs. 60 - 000. Fixed Interest Charges Rs. 6 - 000 - Debenture Redemption Fund Appropriation of Outstanding Debentures 10%.
25. The first Secretary of the company is appointed by-”

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