PPSC FPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 18

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 Name Lecturer Commerce
Subject Commerce Test 18
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 18

1 / 25

Any dealing between two persons or things is a:

2 / 25

The stage under which all necessary dates and information's are summarized on the basis of classified record of transactions and communicated to management and other interested persons is called as:

3 / 25

The stage under which transactions are recorded chronologically in the books of accounts is called:

4 / 25

The stage under which the transactions of the same or similar nature are classified and recorded separately is known as:

5 / 25

Accounting principles, are generally based on:

6 / 25

When saleable goods are bought in a business, it is said to be:

7 / 25

When cash is paid or received as a result of an exchange, the transaction is said to be a:

8 / 25

The cash or goods taken away by the proprietor from the business for his personal use are called his:

9 / 25

Accounting was developed by people, who were seeking better ways to gather and report useful information about:

10 / 25

If the defective or damage goods return to the suppliers are called:

11 / 25

The amount with which the trader starts his business is known as:

12 / 25

Accounting is often referred to as the language of the:

13 / 25

The act of collecting, processing, reporting, analyzing, interpreting and projecting financed information is called:

14 / 25

When the payment or receipt of cash is postponed for a future date, this transaction is said to be:

15 / 25

It is all the more necessary for an organization or a concern to keep:

16 / 25

No accounting is possible for an event or transaction which is not measurable terms of:

17 / 25

The owner of the business is known as:

18 / 25

It is possible to increase the amount of saving through proper management and effective control of:

19 / 25

A proper and fair planning of expenditures helps us to ensure proper use of:

20 / 25

If the goods are purchased for which payment will have to be made at some future date it is known as:

21 / 25

If the goods are purchased from a supplier and payment is made to him at the same time, such purchases are known as:

22 / 25

The system of recording transactions based on duel concept is called:

23 / 25

Any activity undertaken for the purpose of earning profit is called:

24 / 25

The need for keeping a record of income and expenditures in a clear and systematic manner has given rise to the subject of:

25 / 25

If proper books of accounts are not kept in a business the amount of profit:

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