ppsc past papers of lecturer Commerce

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

An owner investment of land into the business would:

Decrease assets

Increase owner’s equity

Decrease withdrawals

Increase liabilities

None of these

2 / 25

Sources of funds can be increased by:

None of above

Increasing expenditure

Describing selling prices

3 / 25

All of the following are forms of organizations except:

Corporation

Retailer

None of these

Partnership

Proprietorship

4 / 25

Users of accounting information include:

Creditors

The tax authorities

Investors

All of these

5 / 25

Income Tax rates are the same for:

Banking Companies

None of above

Limited Companies

6 / 25

A resident multinational company need not:

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.

None of above

7 / 25

Books of original entry are called:

Work sheets

None of these

Journal

Ledger

8 / 25

Super Tax on companies is:

None of above

In vogue in Pakistan

Not in vogue in Pakistan

9 / 25

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

None of these

Assets

Equities

Liability

10 / 25

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

Capital

Drawings

None of these

Assets

11 / 25

The investment of personal assets by the owner:

Increase assets and liabilities

Increases total assets only

Increases total assets and increases owner’s equity

Has no effect on assets but increases owner’s equity

12 / 25

Under the diminishing balance method, depreciation amount is:

Receipt

None of these

Expenditure

Payment

13 / 25

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

Proprietorship

Partnership only

Corporation only

Partnership and proprietorship

14 / 25

Current Ratio is calculated as:

Fixed Assets/Current Liabilities

Current Liabilities/Current Assets

Current Assets/Current Liabilities

15 / 25

The payment of rent each month for office space would:

None of these

Decrease total assets

Increase liabilities

Increase owner’s equity

16 / 25

Short-term loan can be described as:

If the period is less than one year

If the period is three years

If the period is over one year

17 / 25

An owner investment of each into the business would:

Increase assets

Decrease liabilities

Increase withdrawals

Decrease owner’s equity

None of these

18 / 25

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

Withdrawals

Liabilities

Owner’s equity

Assets

19 / 25

Unpaid and unrecorded expenses are called:

Prepaid expenses

Additional expenses

None of these

Accrued expenses

20 / 25

Real accounts are related to:

Customers and Creditors etc.

Assets

None of these

Expenses and incomes

21 / 25

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

100

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.

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.

23 / 25

A cash purchase of supplies would:

Decrease owner’s equity

Have no effect on total assets

Increase liabilities

24 / 25

Combination can be best described as:

Reduction of Capital of a Company

Amalgamation of two different types of businesses

Restructuring of Capital of a Company

25 / 25

Income Tax is levied on:

Agricultural Income

Presumptive Income

None of above

Your score is

The average score is 84%

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