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.

Please Click Below START  Button to Take this Commerce Test Online.

Test Instructions:-
Test Name Lecturer Commerce
Subject Commerce Test 32
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. 32

1 / 25

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

2 / 25

A balance sheet discloses the financial position of a firm:

3 / 25

Goods given as charity should be credited to:

4 / 25

Gross profit is equal to:

5 / 25

Patents and dies are the examples of:

6 / 25

Stock in trade is:

7 / 25

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

8 / 25

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

9 / 25

Current liabilities are such obligations which are to be satisfied:

10 / 25

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

11 / 25

Interest on capital is:

12 / 25

Sales are equal to:

13 / 25

The loss on sale of old machinery is debited to:

14 / 25

Sales discount is debited to:

15 / 25

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

16 / 25

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

17 / 25

A profit and loss Account is prepared:

18 / 25

The income statement has normally.

19 / 25

Net profit transferred:

20 / 25

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

21 / 25

Purchase of an asset is called:

22 / 25

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

23 / 25

Expenses relating to sale of goods are shown in:

24 / 25

Net loss is credited to:

25 / 25

Interest on drawings is :

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