Lecturer Commerce |

PPSC Lecturer Commerce Test 3 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 3
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 3

1 / 25

A large organization with separate legal status is known as:

Sole proprietorship

None

Partnership

Joint stock company

2 / 25

External Reporting is the Result of:

Social Accounting

Management Accounting

Cost Accounting

Financial Accounting

3 / 25

Preparation of companies’ financial reports is governed in Pakistan under:

Partnership Act

Companies Ordinance 1984

Banking Companies Ordinance 1962

State Bank of Pakistan Act

4 / 25

Which of the following business entity is known as firm?

Sole trader-ship

Company

Partnership

Co-operative society

5 / 25

Partners in Pakistan can today be fixed at the following numbers:

6 / 25

In Insurance, the following Profit and Loss Accounts are prepared:

Consolidated for (a) above

Separate for Fire, Marine, and Accidents etc

None of these.

7 / 25

Which of these characteristics does not apply to partnership?

Income tax

Mutual agency

Unlimited liabilities

Unlimited life

8 / 25

Prospectus for shares can be issued by:

Both a and b

Private limited companies

Public limited companies

Non of Above

9 / 25

The output of financial accounting is:

The preparation of financial position

The measurement of taxable income

The measurement of accounting income

The preparation of financial reports

10 / 25

Quick Ratio can be computed as under:

Quick. Liabilities Current Assets

Quick . Assets/Quick Liabilities

Current Assets/ Current Liabilities

11 / 25

Flexible budget is a budget with the following features:

Changes in Direct material

Changes with volume of production

Changes with variable expenses

12 / 25

All economics costs that a business incur through its operation to earn revenues?

Revenue

Expense

Assets

Drawing

13 / 25

All of following are Assets except:

b and c

Goods

Unearned Income

Prepaid Rent

14 / 25

Break even can be calculated as under:

None of these

FC I- VC TR

.....................VC............FC- TR TC

15 / 25

Which of the following statements is false?

If you decrease an asset account, you could decrease a shareholders’ equity account

If you decrease an asset account, you could increase a shareholders’ equity account

f you increase an asset account, you could decrease an asset account

f you increase an asset account, you could increase a liability account.

16 / 25

Funds Flow Statement and sources and application statement are:

Synonymous

None of these

a & b

Antagonistic

17 / 25

Which One of the following is an example of Intangible asset?

Discount on issue of debentures

Preliminary expenses

Investments

Copy rights

18 / 25

Sales budget must be prepared:

Independently

Depending on production capacity

Based on Sales forecasts of market

19 / 25

Balance Sheet is always prepared:

None of these

As on a specified date.

For the year ended.

20 / 25

Which of the following groups use financial accounting?

All of the above

Management, employees, shareholders and lenders

Tax authorities, government and general public

Suppliers, customers and competitors

21 / 25

Double entry book-keeping was fathered by:

Henry Fayol

None of these

F.W.Taylor

Lucas Pacioli

22 / 25

The personnel, procedure, devices and records used by an organization to develop accounting information and communicate that information to decision maker are called which of the following?

Audits

Accounting information systems (AIS)

Personnel systems

Internal control structures

23 / 25

In straight line method of depreciation, the written down value of a fixed asset will be at the end of the life of the asset as under:

Rupee zero

None of these

Rupee one

24 / 25

Special purpose financial statements are prepared by:

Cost Accountants

Management Accountants

Both a and c

Financial Accountants

25 / 25

Depreciation in spirit is similar to:

Depletion

Depression

Amortization

None of these

Your score is

The average score is 74%

PPSC Lecturer Commerce Test 3 Online Preparation MCQs Read More »