PPSC FPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 20

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 20
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 20

1 / 25

The individual record of an asset, a liability, a revenue, an expense or capital in a summarized manner is called:

2 / 25

The Qualitative aspect of things are ignored by:

3 / 25

A transaction will be possible, when there will be:

4 / 25

If there is a change in total value of assets and liabilities of a business concern, it will be consider as:

5 / 25

Events which are related with money are called:

6 / 25

Accounting principle is general law or rule follows in the preparation of:

7 / 25

Events which are not related with money or which do not change the financial position of a person are known as:

8 / 25

Accounts relating to persons or firms are called:

9 / 25

When there is no question of meeting the value of a transaction, it is regarded as a:

10 / 25

In accounting, all business transactions are recorded as having:

11 / 25

The equity of the owners is called:

12 / 25

A transaction taking place with an outside person or organization, is called on :

13 / 25

A transaction taking place with in which no outside person or organization is involved is called as:

14 / 25

Accounting principles are generally based on:

15 / 25

The cost Concept is helpful in making:

16 / 25

The accounting equation is based on:

17 / 25

An obligation of the entity to owners is treated as a liability in the balance sheet according to:

18 / 25

Usefulness, objectivity and feasibility are the three basic norms found in:

19 / 25

The proprietor is treated as a creditor to the extent of his capital according to:

20 / 25

The accounting equation is:

21 / 25

All the events relevant to business must be measurable in terms of:

22 / 25

Which of the system of recording transaction on duel aspect concept of accounting:

23 / 25

Realization concept implies:

24 / 25

The cost Concept applied only to the assets and not to:

25 / 25

The equity of creditors represents debts of the business and are called:

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