Lecturer Commerce Solved Past Paper MCQs Online Test No. 35

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 NameLecturer Commerce
SubjectCommerce Test 35
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 35

1 / 25

The price of goods sold or services rendered by a business to its customers is known as:

2 / 25

Expenditure to improve the asset is:

3 / 25

Any expenditure that benefits the business for several accounting years is regarded us a:

4 / 25

Which one of the following is not consider the permanent part of the accounting record:

5 / 25

Expenditure incurred after buying second hand asset to bring it into proper working place is a:

6 / 25

Any expenditure which is not incurred repeatedly and regularly is a:

7 / 25

If the goods or a service lost longer than one year, it is:

8 / 25

A working paper which is prepared by the accountant for his own convenience is called:

9 / 25

Any expenditure which is incurred again and again is a:

10 / 25

Business received discount from its:

11 / 25

Expenditure to maintain the asset is:

12 / 25

A working paper of accountants, prepared by lead pencil is:

13 / 25

Expenditure incurred on the purchase and installation of a new asset is regarded as:

14 / 25

Transaction having long term effect are known as:

15 / 25

Any expenditure incurred to the increase the profit earning capacity of the concern is a:

16 / 25

If the goods or a service lost less than one year it is:

17 / 25

Transaction having short term effect are known as:

18 / 25

The provision for bad debts is made by crediting:

19 / 25

The provision for discount on creditors is often not provided in keeping with the principle of:

20 / 25

Any expenditure incurred to keep the activities of a concern going is:

21 / 25

One way of avoiding errors in the permanent Accounting records, is to use a form, called:

22 / 25

Any expenditure that benefits the business only for one accounting year is considered a:

23 / 25

Revenue expenditure the impact of which is likely to last for more than one year is:

24 / 25

The expenditure reduce revenue (profit) of the business, are:

25 / 25

The amount invested by the person in the business to produce revenue is said to be:

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