Lecturer Commerce Solved Past Paper MCQs Online Test No. 33

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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.
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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 33
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
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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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