January, 2024 |

PPSC Lecturer Commerce Test 4 Online Preparation MCQs

Lecturer Commerce / FPSC Lecturer Commerce mcqs, FPSC Lecturer Commerce past papers, Online free taleem, ppsc Commerce lecturer books, ppsc Commerce lecturer jobs, ppsc Commerce lecturer mcqs, ppsc Commerce lecturer past papers solved, ppsc Commerce lecturer past papers with answers pdf, ppsc Commerce lecturer solved mcqs, ppsc Commerce lecturer test online preparation, ppsc lecturer Commerce syllabus, PPSC Lecturer of commerce, ppsc past papers of lecturer Commerce, ppsc past papers of lecturer Commerce pdf

Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Commerce. All the individuals who are going to appear in PPSC Lecturer of Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Commerce, all Past Papers of Lecturer of Commerce PPSC that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

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.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time. Please Click Below START Button to Take this Lecturer Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 4
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

PPSC Lecturer of Commerce Practice Test 4

1 / 25

Stratified audit sample means:

Purposively selected items for audit

Randomly selected items for audit

Items carefully selected from each group

2 / 25

Purpose of an accounting system include all of the following except:

Dictate the specific type of business transaction that the enterprise may engage in

Classify the effects of transactions to facilitate the preparation of reports

Summarize and communicate information to decision makers

Interpret and record the effects of business transaction

3 / 25

NGOs are legally required to:

Prepare accounts as desired by donors

Prepare accounts in a prescribed manner under the law

None of these

4 / 25

An auditor is liable for his annual audit of accounts o:

Bankers

Creditors

Owners

5 / 25

The requirements of an audit report for a Banking Company in Pakistan is under:

Under the Banking Companies Ordinance, 1962.

Under (a) and (b) above

Under the Companies Ordinance, 1984.

6 / 25

A good Cost Accounting System is:

If it cannot be reconciled with financial accounts

If it enables management to increase productivity and rationalize cost structure

If it computes estimated cost only

7 / 25

Deferred Taxation is:

Fixed liabilities

Fixed asset

Part of Owners Equity

8 / 25

Process Costing is relevant to:

Job Order cost oriented Projects

None of the above

Cement industry

9 / 25

Internal Control is totally synonymous with:

internal audit

None of above

Internal check

10 / 25

Retained earnings is synonymous to:

Profit for the year

None of these

Accumulated profit and loss account

11 / 25

In preparing a work sheet, a net loss would be computed and entered in the:

Credit column of the income statement in worksheet

In the debit column of the adjusted trial balance

Debit column of the income statement columns of the worksheet

In the credit column of the balance sheet columns of the worksheet

12 / 25

Conversion cost is:

Labour Cost + Overhead Cost

Direct Labour + Material Cost

Material Cost + Overhead Cost

13 / 25

Verification includes:

Checking Vouchers

Examining audit report

None of the above

14 / 25

Cash budget excludes the following:

Cash items

Purchase on Credit items

Non-Cash items

15 / 25

Audit of a bank is generally conducted through:

couching

Balance sheet audit

Routine checking

16 / 25

An accrued revenue would be shown on the balance sheet as:

A payable

A receivable

Unearned revenue

Prepaid revenue

17 / 25

To understand and use accounting information in making economic decisions, you must understand:

The assumptions and measurement techniques involved in developing accounting information

The nature of economic activities that accounting information describes

Which information is relevant for a particular type of decision that is being made?

All of Above

18 / 25

The long-run objective of financial management is to:

Maximize return on investment

Maximize the value of the firm's common stock

Maximize earnings per share

Maximize market share

19 / 25

Investment Corporation of Pakistan follows:

Closed-end mutual funds

None of these

Open-end mutual funds

20 / 25

Every limited Company in Pakistan is required by law to include the following along with financial reports:

None of these

Chairman’s Review

Ratio Analysis

21 / 25

Directors Report is ................... in respect of financial report constituent:

None of these

Mandatory for a limited Company

Voluntary for a limited Company

22 / 25

Fixed Cost:

Changes with production

Never changes even if production capacity is doubled

None of the above

23 / 25

How many approaches accounting has:

One

Three

Two

None

24 / 25

Operating Profit is:

Profit after deducting taxes

Profit after deducting normal operating expenses including depreciation

Profit after deducting financial costs

25 / 25

Consolidation of subsidiary accounts in the balance sheet of a unlisted Holding company is at present in Pakistan:

Voluntary

Compulsory

Required

Your score is

The average score is 63%

PPSC Lecturer Commerce Test 4 Online Preparation MCQs Read More »

January 2024

PPSC Lecturer Commerce Test 4 Online Preparation MCQs