Most Important Lecturer Commerce MCQs Online Test No. 58

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 58
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 58

1 / 25

Share Premium Account should be shown in the Balance Sheet under:

2 / 25

With regard to issue of shares certificates, the auditor should refer to section.

3 / 25

During the course of an audit, an auditor finds that no vouchers are available for certain payments. Whether he should:

4 / 25

Shares issued for consideration other cash should be vouched with the help of:

5 / 25

The contents of statutory report are governed by:

6 / 25

The auditor resorted to test checking and with the result, he could not disclose certain frauds. Whether he can be held.

7 / 25

Application money should not be withdrawn unless.

8 / 25

For sub-division of shares in smaller amount, the auditor should refer to:

9 / 25

The auditor of private company will be:

10 / 25

Divisible profits should not include:

11 / 25

Shares can be issued at discount under section.

12 / 25

Company can issue shares at discount if it is permitted by.

13 / 25

Increase in share capital is permitted by.

14 / 25

Auditor should see that the return of allotment has been sent to Registrar within.

15 / 25

Auditor should see that amount received for premium on Issue of Shares should be shown in:

16 / 25

Profits on reissue of forfeited shares should be transferred to:

17 / 25

The auditor did not care to check adequacy of Provision for bad and Doubtful Debts. Whether he can be held.

18 / 25

A company can issue Redeemable Preference Shares, if authorized by:

19 / 25

Share capital can be increased by.

20 / 25

Premium received on issue of shares, later forfeited, should be transferred to:

21 / 25

Payments of dividend out of capital profit does not amount to:

22 / 25

Dividends cannot be paid out of:

23 / 25

Capital profits imply profits earned:

24 / 25

The auditor finds that a company has paid interest out of capital. Whether he should.

25 / 25

Amount of shares premium may be utilized for:

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