ppsc Commerce lecturer books

PPSC Lecturer Commerce Test 4 Online Preparation MCQs

Lecturer Commerce / FPSC Lecturer Commerce mcqs, FPSC Lecturer Commerce past papers, Online free taleem, ppsc Commerce lecturer books, ppsc Commerce lecturer jobs, ppsc Commerce lecturer mcqs, ppsc Commerce lecturer past papers solved, ppsc Commerce lecturer past papers with answers pdf, ppsc Commerce lecturer solved mcqs, ppsc Commerce lecturer test online preparation, ppsc lecturer Commerce syllabus, PPSC Lecturer of commerce, ppsc past papers of lecturer Commerce, ppsc past papers of lecturer Commerce pdf

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 4
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 4

1 / 25

Directors Report is ................... in respect of financial report constituent:

Voluntary for a limited Company

Mandatory for a limited Company

None of these

2 / 25

Every limited Company in Pakistan is required by law to include the following along with financial reports:

Ratio Analysis

Chairman’s Review

None of these

3 / 25

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

Owners

Bankers

Creditors

4 / 25

A good Cost Accounting System is:

If it enables management to increase productivity and rationalize cost structure

If it computes estimated cost only

If it cannot be reconciled with financial accounts

5 / 25

Stratified audit sample means:

Items carefully selected from each group

Randomly selected items for audit

Purposively selected items for audit

6 / 25

Investment Corporation of Pakistan follows:

Closed-end mutual funds

Open-end mutual funds

None of these

7 / 25

The long-run objective of financial management is to:

Maximize the value of the firm's common stock

Maximize earnings per share

Maximize market share

Maximize return on investment

8 / 25

NGOs are legally required to:

Prepare accounts as desired by donors

None of these

Prepare accounts in a prescribed manner under the law

9 / 25

How many approaches accounting has:

One

Two

None

Three

10 / 25

Retained earnings is synonymous to:

Profit for the year

None of these

Accumulated profit and loss account

11 / 25

To understand and use accounting information in making economic decisions, you must understand:

Which information is relevant for a particular type of decision that is being made?

The nature of economic activities that accounting information describes

All of Above

The assumptions and measurement techniques involved in developing accounting information

12 / 25

Process Costing is relevant to:

Job Order cost oriented Projects

None of the above

Cement industry

13 / 25

Consolidation of subsidiary accounts in the balance sheet of a unlisted Holding company is at present in Pakistan:

Compulsory

Required

Voluntary

14 / 25

The requirements of an audit report for a Banking Company in Pakistan is under:

Under the Banking Companies Ordinance, 1962.

Under (a) and (b) above

Under the Companies Ordinance, 1984.

15 / 25

Internal Control is totally synonymous with:

Internal check

internal audit

None of above

16 / 25

An accrued revenue would be shown on the balance sheet as:

Prepaid revenue

A payable

Unearned revenue

A receivable

17 / 25

Audit of a bank is generally conducted through:

couching

Balance sheet audit

Routine checking

18 / 25

Verification includes:

Checking Vouchers

Examining audit report

None of the above

19 / 25

Deferred Taxation is:

Fixed asset

Fixed liabilities

Part of Owners Equity

20 / 25

Cash budget excludes the following:

Non-Cash items

Purchase on Credit items

Cash items

21 / 25

Fixed Cost:

None of the above

Changes with production

Never changes even if production capacity is doubled

22 / 25

In preparing a work sheet, a net loss would be computed and entered in the:

In the credit column of the balance sheet columns of the worksheet

In the debit column of the adjusted trial balance

Debit column of the income statement columns of the worksheet

Credit column of the income statement in worksheet

23 / 25

Conversion cost is:

Material Cost + Overhead Cost

Direct Labour + Material Cost

Labour Cost + Overhead Cost

24 / 25

Operating Profit is:

Profit after deducting normal operating expenses including depreciation

Profit after deducting financial costs

Profit after deducting taxes

25 / 25

Purpose of an accounting system include all of the following except:

Dictate the specific type of business transaction that the enterprise may engage in

Classify the effects of transactions to facilitate the preparation of reports

Interpret and record the effects of business transaction

Summarize and communicate information to decision makers

Your score is

The average score is 62%

PPSC Lecturer Commerce Test 4 Online Preparation MCQs Read More »