NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Commerce MCQs (Practice_Test 58 of 99)
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- An effective direction tries to get work. Accomplished by subordinates without affecting their need satisfaction adversely. What. Is this principle of directing known as?
- Principle of maximum individual contribution
- Principle of harmony of objectives
- Principle of efficiency of direction
- Principle of authoritative direction
- Match List-I (Basic Components of Expectancy Theory) with List-II (Definition) and select the correct answer using i I the code given below the Lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Commerce MCQs (Practice_Test 58 of 99) List-I List-II - Expectancy
- Instrumentality
- Motivation
- Valence
- Force directing specific behavioural alternatives
- Preference of an individual for a particular outcome
- Probability that effort will lead to good performance
- Probability that successful performance will lead to certain outcomes
- A
- B
- C
- D
- 1
- 4
- 2
- 3
- 2
- 3
- 1
- 4
- 1
- 3
- 2
- 4
- 2
- 4
- 1
- 3
- The following information is given:
- Sales 70,000
- Purchases 40,000
- Expenses 8,000
- Creditors at the end 15,000
- Creditors at the beginning 12,000
- What is the value of cash from operations?
- ₹ 22,000
- ₹ 19,000
- ₹ 30,000
- ₹ 25,000
- Which one of the following statements is correct?
- If the value of current assets (in the current year) increases (compared with last year) , the working capital decreases
- If the value of current liabilities (in the current year) decreases (compared with last year) , the working capital increases
- If the value of current liabilities (in the current year) increases (compared with last year) , the working capital increases
- If the value of current assets (in the current year) decreases (compared with last year) , the working capital increases
- A machinery whose book value was ₹ 1,20, 000 was sold for ₹ 1,68, 000. The gain on sale of machinery was taken to Profit and Loss Account which ultimately showed net profit for the year as ₹ 1,50, 000. What is the value of funds from operations?
- ₹ 1,02, 000
- ₹ 1,98, 000
- ₹ 48,000
- ₹ 1,68, 000
- Which one of the following is the correct statement? Business draws benefit from the society; it has an obligation to communicate its contribution to society. For this purpose accounting must
- deal with measurement and reporting of the performance to its stakeholders
- confine to going concern stipulation
- show its concern for revenue recognition and distribution
- be secluded from commercial consideration
- Which one of the following is the correct statement? The most important factor influencing evolution and growth of auditing is
- Industrial Revolution
- divorce of ownership from management
- establishment of the Institute of Chartered Accountants of India
- adoption of mechanised accounting
- Match List-I with List-II and select the correct answer using the code given below the Lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Commerce MCQs (Practice_Test 58 of 99) List-I (Basis of Classification) List-II (Types of Audit) - Time
- Subject matter
- Extent or coverage
- Organization structure
- Complete Audit
- Public Audit
- Periodical Audit
- Government Audit
- Cost Audit
- A
- B
- C
- D
- 3
- 4
- 1
- 5
- 1
- 5
- 2
- 3
- 3
- 5
- 1
- 4
- 1
- 4
- 2
- 5
- What does the total auding situation comprise?
- Inherent risk, process risk and control risk
- Appropriate evidence and oral evidence
- Detailed evidence and appropriate evidence
- Sufficient evidence and appropriate evidence