Lecturer Commerce Solved Past Paper MCQs Online Test No. 33

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 33
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 33

1 / 25

The gradual and permanent decrease in the value of an asset from any cause; is know as:

2 / 25

The credit balance of the income received in advance will be shown on the balance sheet as:

3 / 25

Permanency preference method is adopted by:

4 / 25

A prepaid expense is:

5 / 25

Rent due but not paid is to be:

6 / 25

Closing stock is credited to:

7 / 25

The mixed method is adopted by:

8 / 25

Gross profit + Stock in the beginning + purchases+ Direct expenses - Stock at the end=?

9 / 25

From the business point of view, interest on drawings is:

10 / 25

Every business concern ascertains profit or loss of the business at the end of the year through:

11 / 25

Expenses paid in advance before they have fallen due are called:

12 / 25

Commission received in advance is to consider as:

13 / 25

Interest due but not received is:

14 / 25

Gross loss is debited to:

15 / 25

Gross profit is credited to:

16 / 25

Income received in advance but not earned is called:

17 / 25

From the business point of view, interest on capital is regarded as:

18 / 25

The unsold stock at the end of the year represents the:

19 / 25

Unpaid salaries are to be consider as:

20 / 25

Discount to be received is:

21 / 25

Insurance premium paid in advance is:

22 / 25

The outstanding income or accrued income will appears in the balance sheet as:

23 / 25

Payment for the purchase is machinery I is termed as:

24 / 25

All expenses connected with the office and its conduct are called:

25 / 25

Wages and salaries are debited to:

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