PPSC FPSC KKPSC BPSC SPSC NTS Lecturer Commerce Test No. 13

Interim audit is conducted for examining the account for:

The excess of purchase price over the net assets is:

Depreciation on fixed assets is an example of:

Dividends are usually paid on:

Amount set apart to meet losses to bad debt is a:

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

Subscriptions received in advance is:

Which of the following is least important as a measure of short -term liquidity.

Heavy expenditure on advertisement of a new product is a:

Statutory report is necessary in the case of:

The auditor is required to report that Financial Statements are:

Pre-incorporation profit is to be credited to:

External users of financial accounting information include which of the following except.

In general terms, financial assets appear in the Balance Sheet on:

Payment should be made preferably through:

In general, the accounts in the Incomes Statement are known as:

The capital receipts are shown in the balance sheet on the:

Evaluative - positive or negative- concerning people, objects, or events are called:

Premium on issue of shares can be used for:

Advance payment of tax is in the nature of:

Any expenditure incurred to  increase the profit earning capacity of the concern is a:

A working paper which is prepared by the accountant for his own convenience is called:

The auditors are appointed by the following authorities:

Error due to wrong allocation as expenditure between capital and revenue is regarded as:

A fixed budget is: