Lecturer Commerce Solved Past Paper MCQs Online Test No. 35

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Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
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Test Instructions:-
Test Name Lecturer Commerce
Subject Commerce Test 35
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100
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You have 20 minutes to pass to the quiz.


Lecturer Commerce Online Test No. 35

1 / 25

The provision for bad debts is made by crediting:

2 / 25

The amount invested by the person in the business to produce revenue is said to be:

3 / 25

Transaction having short term effect are known as:

4 / 25

Any expenditure incurred to the increase the profit earning capacity of the concern is a:

5 / 25

A working paper which is prepared by the accountant for his own convenience is called:

6 / 25

Expenditure incurred on the purchase and installation of a new asset is regarded as:

7 / 25

Any expenditure that benefits the business for several accounting years is regarded us a:

8 / 25

Expenditure incurred after buying second hand asset to bring it into proper working place is a:

9 / 25

A working paper of accountants, prepared by lead pencil is:

10 / 25

Transaction having long term effect are known as:

11 / 25

Any expenditure which is incurred again and again is a:

12 / 25

Any expenditure which is not incurred repeatedly and regularly is a:

13 / 25

Expenditure to maintain the asset is:

14 / 25

Revenue expenditure the impact of which is likely to last for more than one year is:

15 / 25

The provision for discount on creditors is often not provided in keeping with the principle of:

16 / 25

Any expenditure incurred to keep the activities of a concern going is:

17 / 25

Expenditure to improve the asset is:

18 / 25

Business received discount from its:

19 / 25

Any expenditure that benefits the business only for one accounting year is considered a:

20 / 25

The expenditure reduce revenue (profit) of the business, are:

21 / 25

If the goods or a service lost longer than one year, it is:

22 / 25

One way of avoiding errors in the permanent Accounting records, is to use a form, called:

23 / 25

The price of goods sold or services rendered by a business to its customers is known as:

24 / 25

Which one of the following is not consider the permanent part of the accounting record:

25 / 25

If the goods or a service lost less than one year it is:

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