PPSC FPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 17

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.

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.
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.

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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 17
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
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You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


Lecturer Commerce Online Test No. 17

1 / 25

As per Companies Ordinance 1984 loose tools are recorded under the head of:

2 / 25

Which of the following liability of an auditor has occurred when auditor failed to study articles of association and the directors paid dividend out of capital?

3 / 25

When costs are rising, which method reports higher net income:

4 / 25

At the time of admission of a new partner, good will raised should be written off in:

5 / 25

Rebate on bill discounted (unearned discount) is :

6 / 25

A and B are partner in the ration of 2:1. The admit C for  shares who contribute Rs. 3000 for his share of goodwill.

7 / 25

Which of the following partnership can be formed for indefinite period?

8 / 25

The time limit for payment of divided for a listed public limited company is:

9 / 25

Bonus payable only on the maturity of the policy is termed as:

10 / 25

Ground rent is an income from:

11 / 25

Which ratio best reflects a company's ability to meet immediate interest payments?

12 / 25

Repetition of client clerical routines such as footing and posting is called:

13 / 25

While passing adjusting entries for what type of transactions expenses are debited and assets are credited:

14 / 25

In Pakistan chamber of commerce and industry in registered with:

15 / 25

Which of the following is an example of Non-exchange transaction?

16 / 25

If net  sales Rs.100,000 cost of goods sold Rs. 55,000, Administrative expenses Rs 5300, Selling expenses Rs.4375, Interest expense Rs. 500, the operation profit is:

17 / 25

The formula ( cost less salvage value/ Total capacity X units extracted) refers to which depreciation method:

18 / 25

Identify the item that is likely to serve as source document:

19 / 25

Which of the following is not capital asset?

20 / 25

Visual examination of accounting record and schedules to identify unusual items or inconsistencies is called:

21 / 25

The direction of testing from the source document to the accounting record is called:

22 / 25

As per Companies Ordinance 1984 a listed public limited company is bound to prepare its financial statements on:

23 / 25

Which of the following is admissible expenditure in respect of income from Business?

24 / 25

The time limit for payment of dividend for a unlisted limited company is:

25 / 25

Identify which items are subtract from the list amount and not recorded when computing purchase price:

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