A company uses 'Economic Order Quantity' (EOQ) of 500 units. Annual demand is 5,000 units. Number of orders per year will be: MCQ with Answer and Explanation

Question

A company uses 'Economic Order Quantity' (EOQ) of 500 units. Annual demand is 5,000 units. Number of orders per year will be:

A. 10

B. 100

C. 500

D. 5

Answer: Option A

Solution (By JKSSB Mock Tests)

Number of orders = Annual demand / EOQ = 5,000 / 500 = 10.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

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Which of the following is not a characteristic of a company?

A. Separate legal entity

B. Perpetual succession

C. Common seal (now optional)

D. Unlimited liability of members

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Correct Answer: Option D

Explanation:
Company members have limited liability.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

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The 'Financial Instruments' standard is:

A. Ind AS 16

B. Ind AS 109

C. Ind AS 115

D. Ind AS 2

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Correct Answer: Option B

Explanation:
Ind AS 109 covers classification, measurement, and impairment of financial instruments.

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Question #3

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The 'Dispute Resolution Committee' (DRC) under Income Tax deals with:

A. All taxpayers

B. Small taxpayers with returned income up to ₹50 lakh and disputed demand up to ₹10 lakh

C. Non-residents

D. Large corporates

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Correct Answer: Option B

Explanation:
DRC facilitates resolution of disputes for eligible small taxpayers.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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