Lecturer Commerce Solved Past Paper MCQs Online Test No. 37

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 37
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 37

1 / 25

If an asset, whose book value is Rs.6000 on the date of sale is sold for Rs.8000 the capital profit is:

2 / 25

Receipts decreases the value of asset or increases the value of liability are:

3 / 25

Errors usually occur in the books of accounts can broadly be divided into:

4 / 25

Capital loss may be shown in:

5 / 25

If a building having book value of Rs.60000 is sold for Rs.45000 the capital loss is:

6 / 25

Money received from the sale of goods is:

7 / 25

The capital receipts are shown in the balance sheet on the:

8 / 25

Amount contributed by the proprietor as his capital is regarded as:

9 / 25

Amount received against a trade debt previously written off bad is a:

10 / 25

Sale proceeds of stock in trade are:

11 / 25

An amount which is actually paid on the account of some revenue expenditure is:

12 / 25

The loss suffered by a business on the sale of a fixed asset is regarded as:

13 / 25

The capital profit should be transferred to:

14 / 25

The loss suffered by the business in the ordinary course or day to day operation is regarded as:

15 / 25

Capital contributed by the partners is a:

16 / 25

The profit which is earned on the sale of a fixed asset is regarded as:

17 / 25

The revenue profit should be transferred to:

18 / 25

Revenue losses are shown in:

19 / 25

The loss incurred on raising capital of joint stock company is regarded as:

20 / 25

The profit which is earned during the ordinary course of business is regarded as:

21 / 25

The revenue receipts are shown in profit and loss account on the:

22 / 25

If a transaction has been completely omitted from the original books of account, it will be considering, as:

23 / 25

The amount which is actually paid on account of a capital expenditure is:

24 / 25

Money obtained by the issue of debentures is:

25 / 25

Receipt does not increases or decreases the value of asset or liability are:

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