PPSC Lecturer Commerce Test 2 Online Preparation MCQs

Books of original entry are called:

Internal Control is totally synonymous with:

Users of accounting information include:

The business form(s) in which the owner(s) is (are) personally liable is (are) the:

A resident multinational company need not:

The investment of personal assets by the owner:

An owner investment of land into the business would:

If a firm has paid super-tax, its partners may follow any one of the following behaviors:

Combination can be best described as:

Current Ratio is calculated as:

Sources of funds can be increased by:

Super Tax on companies is:

For preparing balance sheets prepaid expenses are shown as part of:

A partnership, in today‟s Pakistan, under the current law can have the following number of partners:

Stratified audit sample means:

All of the following are forms of organizations except:

An auditor is liable for his annual audit of accounts o:

Amount, cash, or other assets removed from business by owner is:

Short-term loan can be described as:

Under the diminishing balance method, depreciation amount is:

Unpaid and unrecorded expenses are called:

Income Tax rates are the same for:

Income Tax is levied on:

Audit of a bank is generally conducted through:

Economic resources of a business that are expected to be of benefit in the future are referred to as: