Miscellaneous In Commerce - Practice Test

[#131] When three sugar mills combine, it is:

(A) Vertical combination

(B) Horizontal combination

(C) Lateral combination

(D) Diagonal combination

Correct Answer

(B) Horizontal combination

[#132] Amount of salary paid to Suresh should be debited to . . . . . . . .

(A) Account of Suresh

(B) Salaries account

(C) Cash account

(D) Outstanding expenses

Correct Answer

(B) Salaries account

[#133] Fixed assets and current assets are categorized as per concept of:

(A) Separate entity

(B) Going concern

(C) Consistency

(D) Time period

(E) Separate entity

(F) Going concern

(G) Consistency

(H) Time period

Correct Answer

(B) Going concern
(F) Going concern

[#134] Which one of the following is not a Securities Rating Agency?

(A) SEBI

(B) ICRA

(C) CRISIL

(D) None of these

Correct Answer

(A) SEBI

[#135] Which of the following is not exactly a form of business combination?

(A) Holding Company

(B) Tariff Pool

(C) Partnership

(D) Amalgamation

Correct Answer

(C) Partnership

Miscellaneous In Commerce - Study Mode

[#131] When three sugar mills combine, it is:

Correct Answer

[#132] Amount of salary paid to Suresh should be debited to . . . . . . . .

Correct Answer

[#133] Fixed assets and current assets are categorized as per concept of:

Correct Answer

[#134] Which one of the following is not a Securities Rating Agency?

Correct Answer

[#135] Which of the following is not exactly a form of business combination?

Correct Answer