Tag: commercial studies

Questions Related to commercial studies

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 _____________.

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

  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

Show answer
Correct Option: A

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 ____________.

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

  1. Rs 32,675

  2. Rs 27,325

  3. Rs 28,675

  4. Rs 28,475

Show answer
Correct Option: A

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

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

  1. Purchases Return Book

  2. Sales Return Book

  3. Journal

  4. Cash Book

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Correct Option: D

Rent due for the month of March will appear ______ of the cash book.

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

  1. On the receipt side

  2. On the payment side

  3. As a contra entry

  4. Nowhere

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Correct Option: D

Interest received of $Rs.100$ was recorded as interest paid. What will be the effect on cash balance?

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

  1. Cash will reduce by $Rs.100$.

  2. Cash will reduce by $Rs.400$.

  3. Cash will reduce by $Rs.200$.

  4. No effect on cash balance.

Show answer
Correct Option: C

Refund refers to offering  products at less than list price.

commercial studies sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion

  1. True

  2. False

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Correct Option: B

_______ refers to offering products at special prices to clear off excess inventory.

commercial studies sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion

  1. Discount

  2. Rebate

  3. Refunds

  4. Quantity gifts

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Correct Option: A,B

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

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

  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

Show answer
Correct Option: A

__________ can reduce the quantity of defects product.

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

  1. Profit

  2. Cost or production

  3. Cost of sales

  4. Quality of product

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Correct Option: D

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

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

  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.

Show answer
Correct Option: C