PPSC FPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 15

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 15
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 15

1 / 25

Discovery of business opportunities and arrangement of property, funds and management ability to set up a business is called:

2 / 25

Which of the following financial statements reflects the overall financial position of the business?

3 / 25

Under periodic inventory system cost of goods sold is determined and recognized in the books of accounts.

4 / 25

The status of chamber of commerce and industry in Pakistan is:

5 / 25

Dividend income is subject to tax at source at:

6 / 25

Which one of the following expenditures is admissible under the head income from Business?

7 / 25

Which of the following accounts are not closed at the end of an accounting period?

8 / 25

Which of the following combination of businesses makes different types of goods and have in common either raw material or final product?

9 / 25

Which one of the following is not considered a legal document of Joint Stock Company?

10 / 25

Which of the following is a cleaning account?

11 / 25

Financial Statements prepared by a business firm are most likely to be:

12 / 25

Which of the following is an intangible asset?

13 / 25

Tax deducted at source will be treated as:

14 / 25

Audit working papers are the property of:

15 / 25

Which of the following eliminates details from the working trial balance by classifying and summarizing similar or related items?

16 / 25

Which one of the following assets is not eligible for initial depreciation allowance?

17 / 25

Actual overhead costs appear:

18 / 25

The face value and market value of shares remain the same is case of:

19 / 25

Which one of the following would be least likely to be considered a control objective?

20 / 25

Which ratio indicates a firm is ability to pay current Liabilities in the shortest possible time?

21 / 25

A co-operative society is registered under co-operative society act of:

22 / 25

A job- order costing system is most appropriate for which of the following types of manufacturing?

23 / 25

Bond holders would be most interested in which of the following?

24 / 25

Expense is recorded in the accounting records when:

25 / 25

The amount of over time premium contained in direct wages would normally be classified as:

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