PPSC Lecturer Commerce Test 10 Online Preparation MCQs

The excess of purchase price over the net asset is:

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

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

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

The auditor is required to report that Financial Statement are:

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

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

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

Pre incorporation profit is to be credited to:

Dividends are usually paid on:

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:

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

Depreciation on fixed assets is an example of:

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:

The auditors are appointed by the following authorities:

Premium on issue of shares can be used for:

Interim audit is conducted for examining the account for:

Evaluate positive or negative-concerning people, objects, or events are 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?

The purchase of machinery on account would:

Payment should be made preferably through:

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

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

Advance Payment of tax is in the nature of:

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