PPSC FPSC KKPSC BPSC SPSC NTS Lecturer Commerce Test No. 14

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.

Note:-

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.

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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 14
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
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You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


Lecturer Commerce Online Test No. 14

1 / 25

A balance sheet is prepared to find out Financial position of a firm:

2 / 25

Working Capital is the:

3 / 25

Average relief is available on the following except:

4 / 25

Revenue is most commonly recognized at time when:

5 / 25

Assets would be overstated if necessary adjusting entry was omitted for:

6 / 25

When preparing balance sheet of a company. Goodwill, patents, Trade Mark and designs come under the head of:

7 / 25

In principle current Assets are financed from:

8 / 25

Depreciation is a process of:

9 / 25

The most acceptable method of measuring income is:

10 / 25

A Non-banking assets is:

11 / 25

Which of the following amounts appears in both the income statement and balance sheet?

12 / 25

Income and expenditure account reveals:

13 / 25

Which of the following is not an intangible asset?

14 / 25

The role of finance function in the future will be:

15 / 25

Loss on sale of an asset should be written off against:

16 / 25

The correct form of Accounting equation is:

17 / 25

The cost of goods and service used up in the process of obtaining revenue are called:

18 / 25

Which of the following is ascertained by drawing up an income and expenditure account?

19 / 25

Sales Mustafa of Rs 10,000 not recorded in the books would affect:

20 / 25

Up what level Agriculture income is exempt from tax?

21 / 25

What type of budget is designed to take into account forecast changes in costs, prices etc.

22 / 25

Advance payment are recognized as:

23 / 25

If sales increase by 10% from year 1 to 2 and cost of goods sold increase only 6% , the gross profit on sales will increase by:

24 / 25

In projecting the future profitability of a trading company, investors will be least concerned with changes in:

25 / 25

Special tax relief is granted to a senior citizen if his age is:

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