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PPSC Lecturer Commerce Test 5 Online Preparation MCQs

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Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Commerce. All the individuals who are going to appear in PPSC Lecturer of Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Commerce, all Past Papers of Lecturer of Commerce PPSC that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time. Please Click Below START Button to Take this Lecturer Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 5
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

PPSC Lecturer of Commerce Practice Test 5

1 / 25

Short-term loan can be described as:

If the period is over one year

If the period is less than one year

If the period is three years

2 / 25

Current Ratio is calculated as:

Current Liabilities/Current Assets

Current Assets/Current Liabilities

Fixed Assets/Current Liabilities

3 / 25

The investment of personal assets by the owner:

Increase assets and liabilities

Increases total assets and increases owner’s equity

Increases total assets only

Has no effect on assets but increases owner’s equity

4 / 25

The payment of rent each month for office space would:

Increase owner’s equity

Increase liabilities

None of these

Decrease total assets

5 / 25

An owner investment of land into the business would:

Decrease withdrawals

Increase liabilities

Decrease assets

None of these

Increase owner’s equity

6 / 25

A resident multinational company need not:

None of above

If it is not enjoying tax exemption under the Income Tax Ordinance, 1979 (Second Schedule).

Pay income tax, if it’s caused under Double Taxation agreement.

7 / 25

A cash purchase of supplies would:

Decrease owner’s equity

Increase liabilities

Have no effect on total assets

8 / 25

All of the following are forms of organizations except:

Corporation

None of these

Retailer

Partnership

Proprietorship

9 / 25

Sources of funds can be increased by:

Describing selling prices

None of above

Increasing expenditure

10 / 25

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

100

11 / 25

Super Tax on companies is:

Not in vogue in Pakistan

None of above

In vogue in Pakistan

12 / 25

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

Partnership and proprietorship

Corporation only

Proprietorship

Partnership only

13 / 25

Books of original entry are called:

Ledger

Work sheets

Journal

None of these

14 / 25

Real accounts are related to:

Assets

Expenses and incomes

None of these

Customers and Creditors etc.

15 / 25

Unpaid and unrecorded expenses are called:

Accrued expenses

None of these

Prepaid expenses

Additional expenses

16 / 25

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

Capital

None of these

Assets

Drawings

17 / 25

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

Withdrawals

Assets

Owner’s equity

Liabilities

18 / 25

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

Assets

Equities

Liability

None of these

19 / 25

Under the diminishing balance method, depreciation amount is:

None of these

Expenditure

Receipt

Payment

20 / 25

An owner investment of each into the business would:

None of these

Decrease owner’s equity

Increase withdrawals

Increase assets

Decrease liabilities

21 / 25

Users of accounting information include:

All of these

Investors

Creditors

The tax authorities

22 / 25

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

Pay income tax as required under the law.

No need to pay income tax, even if the income exceeds the taxable limit.

Pay income tax, even if the income does not exceed the taxable income.

23 / 25

Income Tax is levied on:

None of above

Agricultural Income

Presumptive Income

24 / 25

Combination can be best described as:

Reduction of Capital of a Company

Restructuring of Capital of a Company

Amalgamation of two different types of businesses

25 / 25

Income Tax rates are the same for:

None of above

Banking Companies

Limited Companies

Your score is

The average score is 80%

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