Category Archives: PPSC Accountant-(2020) Local Government and Community Development

PPSC Accountant-(2020) Local Government and Community Development Complete solved Paper for written test Preparation

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

A. 50
B. 20
C. 100
D. 70

Process coasting is relevant to?

A. Cement industry
B. Job Order cost oriented projects
C. Banking industry
D. None of above

Conversion cost is?

A. Material Cost + Overhead Cost
B. Direct Labour + Material Cost
C. Direct Labour – Material Cost
D. Labour Cost + Overhead cost

NGOs are legally required to?

A. Prepare accounts in a prescribed manner under the law
B. Prepare accounts as desired by donors
C. Submit Balance sheet only
D. Submit income source only

Cash budget exclude the following?

A. Non-Cash items
B. Cash items
C. Purchase on Credit items
D. Credit sales

Partners in Pakistan can today be fixed at the following numbers?

A. 20
B. 50
C. 70
D. 22

Double entry book-keeping was fathered by?

A. F.W Taylor
B. Henry Fayol
C. Lucas Pacioli
D. None of these

Depreciation expense is?

A. a cash inflow
B. a cash outflow
C. Added to the accumulated
D. ignored when proper cash flow statement

Quick Asset includes which of the following?

A. Cash
B. Account receivable
C. Both a & b
D. Marketable securities

Real accounts are related to?

A. Assets
B. Expense and income
C. Customer and creditor
D. None of these