PPSC FPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 19

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 19
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. 19

1 / 25

Double entry system requires the- maintenance of:

2 / 25

A person who pays out something or to whom money is owing is called:

3 / 25

All merchandise commodities which are purchased by the business for selling purpose is called:

4 / 25

A person who owns money on goods to another is called:

5 / 25

Net income or net profit is equal to:

6 / 25

The concession given by the supplier to the buyer on purchases of goods is known as:

7 / 25

The deduction or allowance given by a creditor to a debtor if the amount due is paid by the debtor before the due date is known as:

8 / 25

The form of remuneration for surfaces rendered by one person to another I called:

9 / 25

Double entry means:

10 / 25

The concession given by the supplier to the buyer on sales of goods is said to be:

11 / 25

The term ' Accounting' and ' Book- keeping' are classified as:

12 / 25

The other name of purchase return is:

13 / 25

The properties and possessions of a business both tangible and in tangible are called:

14 / 25

Creditors are also termed as:

15 / 25

The term expense and expenditure are:

16 / 25

The costs of the goods and services used up in the process of obtaining revenue is called:

17 / 25

The rights to properties of the business are called:

18 / 25

Debtors are known as:

19 / 25

The debts due by a business to its proprietor and others is termed as:

20 / 25

A summarized record of transactions relating to a person or thing is called as:

21 / 25

Any written evidence in support of a business transaction is called:

22 / 25

The span of time for which a business generally prepares its financial statements is termed as:

23 / 25

The discount allowed by manufacturer or  wholesaler at the time of selling good to retailer as a deduction from the listed- price or catalogue price, is called as:

24 / 25

Financial accounting is mainly confined to preparation of:

25 / 25

The price of goods sold or services rendered by a business to its customers, is termed as:

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