Miscellaneous in Commerce MCQs

Commerce Objective Questions

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295. The type of lease requiring an agreement between the financier and lessor is known as

A. Financial lease

B. Sale and lease back

C. Leveraged lease

D. Operating lease

296. Return on Investment (ROI) ratio is calculated to measure the following:

A. Long term solvency of business

B. Earning capacity of net assets of business

C. Short-term liquidity position of business

D. The relationship between goods sold and the inventory level

297. Negative Net Working Capital implies that:

A. Long-term funds have been used for fixed assets

B. Short-term funds have been used for fixed assets

C. Long-term funds have been used for current assets

D. Short-term funds have been used for current assets

298. Which of the following is not a manufacturing industry?

A. Production of steel

D. Production of Fruits

299. Rules of action or conduct adopted by the accountants universally while recording accounting transaction:

A. Accounting convention

B. Accounting concepts

C. Accounting principles

D. None of these

300. Which expenses is a Capital Nature?

A. Depreciation

301. Cost accounting information can be used for:

A. Budget control and evaluation

B. Determining standard costs and variances

C. Pricing and inventory valuation decisions

D. All of these

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