Commerce Mixed Test

 On sale of goods to Mr 'Y' for cash, the cash account is debited. This is because cash is recieved against the goods sold. Incoming cash is debited and outgoing cash is credited.

Payroll system is a coin analysis. It is done to calculate the salary amount in various currency denominations (or notes).

 Assets belong to a fixed deposit like alcohol, cigrerattes.

 In a cash book, reciepts are recorded on the debit side.

Right answer because Pan No. is required for payment of income tax. 

Right answer because CST is known as Central Sale Tax. So,Central Sale Tax is the right answer here.Central Sale Tax is working under Central Goverment.

Right answer because the full name of VAT is Value Added Tax.

Right answer because RTGS is used to transfer money from one account to another account in the same bank or another bank. It is very easy way to transfer money in these days.

Right answer because interstate sale means sale within two states and we use CST No. for the interstate sale.

 Voucher is a financial accounting system that affects voucher file. Each transaction generates a voucher, which is used to update the ledger.

1/3 Month is right answer here because sale tax return is maintain in 1/3 month as per rule depend on Sale Tax and sale limit . So, it is right answer here.

Right answer because sale tax is against “C” form 1 / 2 % as per Depend on state sale tax Rule and depend on Area. So that is the main reason that 1/2 % is right answer here.

 Right answer, because current ratio is the part of balance sheet ratio and we will find all items to calculate the current asset from balance sheet only. So this is the main reason why Current ratio is the part of balance sheet. Thus, it is the right answer.

Right answer because current ratio means condition of current assets to current liability. It tests out capabilities to pay the liability. So, we can find the current ratio by this method.

Right answer, because current assets here are more equal to current liability and it shows that our payable capabilities are more then liability. This is the main reason that it is the right answer.

 Raw material cost is not included in non-manufacturing cost, but in manufacturing cost. Since raw materials are directly involved in manufacturing of the product, it is a manufacturing cost. For example, the cost of iron-ore purchased for conversion into steel is a manufacturing cost, since iron-ore is a raw material for manufacturing steel.
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Right answer because shipping cost is included in marketing cost, not in administrative cost. Since shipping cost is incurred to dispatch the goods to the customers. Marketing cost includes the costs by which the customer gets the product.
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 Direct material cost is the cost which is viewed as attaching to units of product. Since material used in manufacturing a product is concerned with acquiring of product and they remain attached to the finished product. For instance, leather used to manufacture a wallet, and the leather remains attached to it. Cost of purchasing leather is a direct material cost and wallet is a finished product, so it is the right answer.
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 It is variable cost means since as the number of patients are increasing in the hospital, the number of beds have also to be increased. Variable cost is that which increases with increase in the activity. Increase in the activity is the increase in number of patients and increase in cost is due to increase in number of beds purchased.
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It is Rs 4,750<o:p> Direct labor ( Rs 100 X 45 )                                                    4,500
Manufacturing overhead (overtime premium  Rs 50 X 5 )              250 Total labour cost for the week                                                  4,750  so the right answer is 4750/-