PPSC Lecturer Commerce Test 10 Online Preparation MCQs

Provision for taxation of a previous year was Rs. 100,000 and tax assessed for that year Rs. 80,000. This adjustment for this is:

In general, the accounts in the income statement are known as:

The purchase of machinery on account would:

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

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

Depreciation on fixed assets is an example of:

Premium on issue of shares can be used for:

Advance Payment of tax is in the nature of:

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

Pre incorporation profit is to be credited to:

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

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

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

Dividends are usually paid on:

Payment should be made preferably through:

Costs in the beginning work in process inventory are added to the cost of the current period when making units cost calculations by:

The auditor is required to report that Financial Statement are:

The heat treatment department at Noori Pipe is the third department in a sequential process. The work in process account for the department would consist of:

Interim audit is conducted for examining the account for:

Which one of the following is not considered the permanent part of the accounting record:

The auditors are appointed by the following authorities:

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

A chemical process has normal wastage of 10% of input. In a period, 2500 kgs of material were input and there was an abnormal loss of 75 kgs. What quantity of good production was achieved?

Values that express preferred behavior and the means by which one achieves his/her goals are known as:

The excess of purchase price over the net asset is: