FPSC PPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 22

Leave a Comment / By Hassan / November 12, 2021

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of Lecturer Commerce, 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 Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 22
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 22

1 / 25

Right side of an asset account is for:

Recording decreases

Recording increases

Both A & B

None of the above

2 / 25

A payment of rupees five hundred to Saeed Transporters for bringing a machine to our factory should be debited to:

Saeed Transporters

Machine a/c

Cash a/c

Carriage

3 / 25

When goods are lost by fire or by theft or an accident, ' purchases a/c should be:

Credited

Debited

Both of these

None of the above

4 / 25

The specimen ruling of a journal is divided into:

Three columns

Five columns

Six columns

Two columns

5 / 25

A purchase of furniture for cash should be debited to:

Cash account

Furniture account

Purchases account

Fixture account

6 / 25

Wages of workmen employed for setting up new machinery should be debited to:

Expenses a/c

Wages a/c

Machinery a/c

Salaries a/c

7 / 25

A business transaction affects:

At least one account

At least two accounts

Maximum of three accounts

None of the above

8 / 25

Any cash or goods taken away by the proprietor for his personal use are call his:

Capital

Drawings

Income

Expense

9 / 25

A short explanation of each transaction is written under each entry which is called:

Narration

Original entry

Subsidiary entry

Memorandum entry

10 / 25

Left side of asset account is for:

Recording decreases

Recording increases

Recording the correction of errors

None of the above

11 / 25

Sales of goods to X for cash should be debited to:

Purchases

Cash

Sales

Drawings a/c

12 / 25

The entry in which more than one account is debited or more than one account is credited is known as:

Single entry

Compound entry

Memorandum entry

None of the above

13 / 25

Recording a transaction in the appropriate place of the concerned book of account is called:

An accounting record

A statement

An entry

None of the above

14 / 25

A with draw of cash from the business by proprietor should be debited to:

Cash account

Drawings account

Capital account

Expense account

15 / 25

When proprietor brings capital in the business it is recorded m:

Capital a/c

Proprietor a/c

Creditors a/c

Debtors a/c

16 / 25

Accounting and journalizing rule, the page numbers of the ledger where the two concerned accounts have been posted are written in:

The first column of journal form

The second column of journal form

The third column of journal form

The fourth column of journal form

17 / 25

When goods are given away as charity or free samples, the purchases a/c should be:

Debited

Credited

Recorded in balance sheet

None of the above

18 / 25

Any mistake in ledger can be easily detected with the help of:

Journal

Balance sheet

Trial Balance

Financial statement

19 / 25

The particular column in journal form is the column for:

Account title and description

Account title and date

Amount

Date

20 / 25

The complete story of a transaction in one entry is shown by:

Voucher book

Journal

Document

Day book

21 / 25

The money with which proprietor starts his business, is called:

Investment

Capital

Cash

Loan

22 / 25

Rupees 500, with drawn by the owner for his private use should be credited to:

Owner's drawings a/c

Expenses a/c

Cash a/c

Capital a/c

23 / 25

In form of journal, the first column represents:

Ledger folio (L.F)

Date

Amount

Debit

24 / 25

Loss of goods by fire should be credited to:

Purchases a/c

Sales a/c

Loss by goods by fire a/c

Capital a/c

25 / 25

Rs.10 received from Ali whose account was previously written off as bad debt should be credited to:

Ali's account

Bad debts account

Creditors a/c

None of the above

Your score is

The average score is 0%

FPSC PPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 22

Related

Leave a Comment Cancel Reply

Related

Popular Posts

Leave a Comment Cancel Reply