Lecturer Commerce Solved Past Paper MCQs Online Test No. 32

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.

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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 32
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 32

1 / 25

If the profit is 25% of the cost price then it is:

2 / 25

The balance appearing on the debit side of the trial Balance as an expenditure shown in the:

3 / 25

If the profit is 1/4 of the sales then it is:

4 / 25

Gross profit is equal to:

5 / 25

Net profit transferred:

6 / 25

Interest on drawings is :

7 / 25

Sales are equal to:

8 / 25

The withdrawal of goods from the business by the proprietor should be credited:

9 / 25

If the closing stock appears in the trial balance, it taken only to the:

10 / 25

A profit and loss Account is prepared:

11 / 25

Current liabilities are such obligations which are to be satisfied:

12 / 25

Stock in trade is:

13 / 25

Interest on capital is:

14 / 25

Expenses relating to sale of goods are shown in:

15 / 25

The loss on sale of old machinery is debited to:

16 / 25

Wages paid on the erection of a new machinery should be debited to:

17 / 25

Net loss is credited to:

18 / 25

Sales discount is debited to:

19 / 25

The income statement has normally.

20 / 25

Goods given as charity should be credited to:

21 / 25

A claim which can be enforced the assets of the firm in the court is called:

22 / 25

Purchase of an asset is called:

23 / 25

Patents and dies are the examples of:

24 / 25

Out of the following, the example of a current asset is:

25 / 25

A balance sheet discloses the financial position of a firm:

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