PPSC Lecturer Commerce Test 9 Online Preparation MCQs

Book-keeping is mainly concerned with:

The term expenses and expenditure are:

Current Ratio can be calculated as under:

If proper books of accounts are not kept in a business the amount of profit:

Those liabilities which arise only on the happening of some event, are called:

Work Sheet is:

An auditor is liable under the following circumstances:

Banks, for the preparation of financial statements, are governed under:

Ordinarily one can have the following partners in a partnership in Pakistan under the Partnership Act 1932:

When goods are given away as charity or free samples, the purchases account should be:

The payment side of the cash book is under cost by Rs. 200 when overdraft as per bank statement is the starting point:

The stage under which transactions are recorded chronologically in the books of accounts is called:

Income from Capital gains arising out of trading on a stock strange in Pakistan is taxable these days:

Agricultural income is taxable under the Income Tax Laws of Pakistan:

The sake of a business asset on credit is recorded in:

Deferred cost is a:

Conversion Cost is calculated as under:

Principal and markup payment within one year constitutes long term liability for disclosure in the balance sheet of a company:

The discount account is a:

All the direct expenses are charged to:

The need for keeping a record of income and expenditure is a clear and systematic manner has given rise to the subject of:

Commission received in advance is to be considered as:

Sugar used in a sugarcane company is:

Return on investment is computed:

The ordering of its assets and liabilities