Tag: commercial studies

Quizzes (186) Questions (1136)

Questions Related to commercial studies

Multiple choice commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

On 30-9-2015 overdraft as per pass book of S. Ltd was Rs. 32,400.The bank had directly collected dividend of other companies Rs. 1,750 and interest Rs. 1,200. As standing instruction bank had paid bills of Rs. 2,454. Cheque deposited for Rs. 8,929.60 was not credited in pass book. Balance as per cash book should be _____________.

  1. overdraft of Rs.23,966.40

  2. overdraft of Rs.46,733.60

  3. overdraft of Rs.40,833.60

  4. overdraft of Rs.18,066.40
Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

Over draft as per cash book of B & Co. was Rs 30,000. A comparison of passbook and cashbook revealed the following:

  • The credit side of bank column of cash book was undercast by Rs 100
  • Interest on bank loan Rs 2,000 and bank charges of Rs 575 were not recorded in cash book.
Overdraft balance as per pass book should be ____________.

  1. Rs 32,675

  2. Rs 27,325

  3. Rs 28,675

  4. Rs 28,475
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Starting with cash book overdraft (30,000): Add undercast (100); add bank charges/interest (2,000 + 575 = 2,575). Total: 30,000 + 100 + 2,575 = 32,675.

Multiple choice commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

Which of the following would record a customer's cheque returned dishonoured?

  1. Purchases Return Book

  2. Sales Return Book

  3. Journal

  4. Cash Book
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When a cheque is dishonoured, the bank reverses the entry. The company must record this in the cash book by reversing the previous receipt (crediting the bank column).

Multiple choice commercial studies marketing and sales difference between products and services product marketing

The Cobb-Douglass Production Function is often used as ____________.

  1. Q = A K a L b

  2. Q = A K a L 1 - b

  3. log Q = a log k = log c

  4. Q = A b a - L a
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The standard Cobb-Douglas production function is expressed as Q = A * K^a * L^b, where Q is total production, A is total factor productivity, K is capital, L is labor, and a and b are output elasticities of capital and labor respectively.

Multiple choice commercial studies marketing and sales difference between products and services product marketing

__________ can reduce the quantity of defects product.

  1. Profit

  2. Cost or production

  3. Cost of sales

  4. Quality of product
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Quality management processes and standards are directly responsible for identifying and reducing defects in products. Profit, cost of production, and cost of sales are financial metrics that result from operations rather than being the direct mechanism for reducing physical defects.

Multiple choice commercial studies marketing and sales difference between products and services product marketing

Which of the following is NOT normally a sign of poor morale amongst a workforce?

  1. High levels of absenteeism.

  2. High levels of turnover.

  3. Increased levels of personal productivity.

  4. A poor external image and difficulties attracting good recruits.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Poor morale typically leads to lower productivity, not higher. High absenteeism, high turnover, and a poor public image are all classic symptoms of a disengaged or unhappy workforce.