FPSC PPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 31

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.


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 31
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. 31

1 / 25

The portion of the funds of a concern which is represented by the fixed and floating assets is called the:

2 / 25

All debts payable by a business to the outsiders ( other than the owner ) are called:

3 / 25

The debts which are repayable within a short period of time are called:

4 / 25

Debts which are repayable in the course of a month are called:

5 / 25

For the business concern, capital is a:

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Assets which comes into existence upon the happening of a certain event, are called:

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The total amount of debts payable by a business to its owner is called:

8 / 25

Those liabilities which arise only on the happening of some event, are called:

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The excess of the floating assets over the floating liabilities is also called:

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Assets which have no market value are called:

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Out of the current assets there which can be converted into cash very quickly or which arc already in form of cash are called:

12 / 25

The portion of the funds of a concern which is represented by the floating or circulating assets is called the:

13 / 25

The surplus or excess of assets over liabilities is called the:

14 / 25

Expense paid in advance and income earned but not received are known as:

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Closing stock is recorded at the:

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Debts which are repayable in the course of less than one year but more than one month, is called:

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The liabilities which are repayable after a long period of time are called:

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Profit and loss account shows the:

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Assets whose value gradually reduce on account of use and finally exhausts completely, are called:

20 / 25

The valuation of closing stock is at:

21 / 25

Balance sheet shows the:

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Outstanding expenses and unearned incomes are known as:

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The portion of the funds of a concern which is represented by the fixed assets is called the:

24 / 25

The debentures and other fixed loans are sometimes called the:

25 / 25

1- Assets which are short-lived and which can be converted into cash quickly to meet short-term liabilities are called:

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