PPSC Lecturer Commerce Test 10 Online Preparation MCQs

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:

Pre incorporation profit is to be credited to:

Interim audit is conducted for examining the account for:

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

Advance Payment of tax is in the nature of:

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:

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

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

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

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?

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

The excess of purchase price over the net asset is:

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

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

Premium on issue of shares can be used for:

Dividends are usually paid on:

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

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

The auditor is required to report that Financial Statement are:

The auditors are appointed by the following authorities:

The purchase of machinery on account would:

Depreciation on fixed assets is an example of:

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

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

Payment should be made preferably through: