ppsc lecturer Commerce syllabus

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

Sources of funds can be increased by:

Describing selling prices

Increasing expenditure

None of above

2 / 25

The payment of rent each month for office space would:

Decrease total assets

Increase liabilities

None of these

Increase owner’s equity

3 / 25

Unpaid and unrecorded expenses are called:

Accrued expenses

Additional expenses

None of these

Prepaid expenses

4 / 25

The investment of personal assets by the owner:

Increases total assets only

Has no effect on assets but increases owner’s equity

Increases total assets and increases owner’s equity

Increase assets and liabilities

5 / 25

Short-term loan can be described as:

If the period is three years

If the period is less than one year

If the period is over one year

6 / 25

All of the following are forms of organizations except:

Partnership

Retailer

Proprietorship

Corporation

None of these

7 / 25

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

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

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

Pay income tax as required under the law.

8 / 25

An owner investment of each into the business would:

Increase assets

None of these

Decrease liabilities

Decrease owner’s equity

Increase withdrawals

9 / 25

Real accounts are related to:

Customers and Creditors etc.

Assets

Expenses and incomes

None of these

10 / 25

Under the diminishing balance method, depreciation amount is:

Expenditure

None of these

Payment

Receipt

11 / 25

Current Ratio is calculated as:

Current Liabilities/Current Assets

Fixed Assets/Current Liabilities

Current Assets/Current Liabilities

12 / 25

An owner investment of land into the business would:

Increase liabilities

None of these

Decrease assets

Increase owner’s equity

Decrease withdrawals

13 / 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.

14 / 25

Income Tax rates are the same for:

Banking Companies

None of above

Limited Companies

15 / 25

Users of accounting information include:

All of these

The tax authorities

Creditors

Investors

16 / 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

17 / 25

Income Tax is levied on:

Agricultural Income

None of above

Presumptive Income

18 / 25

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

Assets

Capital

None of these

Drawings

19 / 25

Super Tax on companies is:

In vogue in Pakistan

None of above

Not in vogue in Pakistan

20 / 25

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

100

21 / 25

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

Assets

Owner’s equity

Withdrawals

Liabilities

22 / 25

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

Partnership only

Proprietorship

Corporation only

Partnership and proprietorship

23 / 25

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

Equities

Liability

None of these

Assets

24 / 25

A cash purchase of supplies would:

Increase liabilities

Decrease owner’s equity

Have no effect on total assets

25 / 25

Books of original entry are called:

None of these

Ledger

Journal

Work sheets

Your score is

The average score is 84%

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