PPSC FPSC KKPSC BPSC SPSC NTS Lecturer Commerce Test No. 12

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 12
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 12

1 / 25

Preparation of final financial reports is governed in Pakistan under:

2 / 25

Short- Term Loan can be best described as:

3 / 25

The payments side of the cash book is under cost by Rs 200 when overdraft as per bank statement is the starting point:

4 / 25

The terms expense and expenditure are:

5 / 25

Preparation of annual report of a firm governed under:

6 / 25

The provision for discount on creditors is often not provided in keeping with the principle of:

7 / 25

All the direct expenses are charged to:

8 / 25

Those liabilities which arise only on the happening of some event, are called:

9 / 25

Audit and special aduit are the same:

10 / 25

Current Ratio can be calculated as under:

11 / 25

Conversion cost is calculated as under:

12 / 25

Working Capital finance can be termed as "Running Finance"  in a limited company.

13 / 25

Commission received in advance is to be considered as:

14 / 25

Which one of the following in not considered the permanent part of the accounting record?

15 / 25

Increase in income constitutes:

16 / 25

The sale of a business asset on credit is recorded in:

17 / 25

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

18 / 25

When goods are given away as charity or free samples, the purchases account should be:

19 / 25

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

20 / 25

Economic resources of a business that are expected to be of benefit in the future are referred to as:

21 / 25

Inventory turnover is calculated as under:

22 / 25

The state under which transaction are recorded chronologically in the books of accounts is called:

23 / 25

Rent of the premises constitutes variable expense for cost allocation.

24 / 25

Principal and Markup payment within one year constitutes long term liability for disclosure in the balance sheet of a company.

25 / 25

The discount account is a:

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