ppsc lecturer Commerce syllabus

PPSC Lecturer Commerce Test 6 Online Preparation MCQs

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.
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Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 6
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 6

1 / 25

The maximum number of partners in Pakistan can be fixed at the following:

None of these

2 / 25

Quick assets include which of the following?

Accounts Receivable

Cash

Inventories

Only (a) and (b)

3 / 25

Audit of a bank is generally conducted through:

Vouching

Balance sheet audit

Routine checking

None of these

4 / 25

A fixed cost:

May change in total when such change is not related to changes in production

Will not change in total because it is not related to changes in production

None of these

May change in total, depending on production with the relevant range

Is constant per unit for each unit of change in production

5 / 25

Which one of the following accounts would usually have a debit balance?

None of these

Cash

Creditors

Accounts payable

Salaries Expenses

6 / 25

Productivity means:

None of these

The ability to produce

Good units produced

All units produced

7 / 25

Operating cost in often named as:

Selling plus administrative expenses

None of these

Prime cost plus factory overheads

Manufacturing cost plus commercial expenses

Direct material plus direct labour

8 / 25

Completion of a job is result in:

DR WIP ……………..….….. CR FOH control

DR FOH control …….….. CR FOH applied

DR Cost of goods ……... CR finished goods

DR finished goods …….. CR WIP

None of these

9 / 25

Expenses such as rent and depreciation of a building are shared by several departments these are:

Joint expenses

Direct expenses

All of the above

Indirect expenses

None of these

10 / 25

At break-even point of 400 units sold the variable costs were Rs. 400 and the fixed costs were Rs.200. What will be the 401 units sold contributing to profit before income tax?

Rs. 0.50

Rs. 1.50

Rs. 1.00

ne of these

Rs. 0.00

11 / 25

Direct material cost plus direct labour cost is called:

All of these

Product cost

None of these

Conversion cost

Prime cost

12 / 25

If under applied FOH is closed to cost of goods sold, the journal entry is:

None of these

DR FOH control ……..……….. CR Cost of goods sold

DR FOH control ……..……….. CR Profit % loss account

DR Cost of goods sold …….. CR FOH control

13 / 25

Re-order quantity …… 3600 units

Maximum consumption ...… 900 units per week

Minimum comsumption …....300 units per week

Re-order period …………….….5 weeks

Based on this data Re-order level is:

4500 units

1200 units

3900 units

None of these

400 units

14 / 25

The measureable value of an alternative use of resources is referred to as:

None of these

A sunk cost

A different cost

An opportunity cost

An imputed cost

15 / 25

The time lag between indenting and receiving material is called:

Lead time

None of these

Stock out time

Idle time

16 / 25

A segment of the business that generates both revenue and cost is called:

Cost Center

All of these

Profit Center

Cost driver

None of these

17 / 25

A cost center is:

A location which is responsible for controlling direct costs

A unit of production in relation to which costs are ascertained

None of these

Any location or department which incurs cost

Part of the factory overhead system by which costs are gathered

18 / 25

A credit balance remaining in FOH Control account is called:

None of these

Actual overhead

Over-applied overhead

Under-applied overhead

19 / 25

Net income plus operating expenses is equal to:

Cost of goods available for sale

None of these

Net sales

Gross profit

Cost of goods sold

20 / 25

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

Liabilities

Withdrawals

Owner’s equity

None of these

Assets

21 / 25

Balance sheet is always prepared:

As on a specific date

None of these

For the year ended

22 / 25

Short term Loan can be best described as:

If the period is less than one year

If the period is over one year

None of these

If the period is three years

23 / 25

Verification includes:

None of these

Examining audit report

Checking vouchers

24 / 25

In considering a special order situation that will enable a company to make use of currently idle capacity, which of the following cost will be irrelevant:

Variable factory overhead

None of these

Depreciation

Direct labour

Materials

25 / 25

A quantitative expression of management objectives is an:

Budget

Organizational chart

Procedural chart

None of these

Management chart

Your score is

The average score is 0%

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