PPSC Lecturer Commerce Test 3 Online Preparation MCQs

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.


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.
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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

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

2 / 25

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

3 / 25

Prospectus for shares can be issued by:

4 / 25

Break even can be calculated as under:

5 / 25

Funds Flow Statement and sources and application statement are:

6 / 25

Which of the following business entity is known as firm?

7 / 25

Which of these characteristics does not apply to partnership?

8 / 25

Flexible budget is a budget with the following features:

9 / 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?

10 / 25

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

11 / 25

All of following are Assets except:

12 / 25

Sales budget must be prepared:

13 / 25

Special purpose financial statements are prepared by:

14 / 25

A large organization with separate legal status is known as:

15 / 25

Depreciation in spirit is similar to:

16 / 25

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

17 / 25

The output of financial accounting is:

18 / 25

Which of the following groups use financial accounting?

19 / 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:

20 / 25

Double entry book-keeping was fathered by:

21 / 25

Which of the following statements is false?

22 / 25

External Reporting is the Result of:

23 / 25

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

24 / 25

Quick Ratio can be computed as under:

25 / 25

Balance Sheet is always prepared:

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