Category Archives: PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE … 2011 IN THE PUNJAB FINANCE DEPARTMENT

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

Accounting equation is defined as

Posted on by Aban Cheema

A. Assets = Liabilities + Owners’ Equity
B. Liabilities = Short term liabilities + current assets
C. Liabilities = Fixed assets – current assets                                                            D.  None of these

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

Current assets include

Posted on by Aban Cheema

A. Debtors
B. Stocks
C. Patents
D. Both A and B

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

Home trade does not involve:

Posted on by Aban Cheema

A. Whole seller
B. Retailer
C. Producer
D. Importer

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

An unauthorized contract between a purported agent and a third party that is not ratified by the “principal” is binding on the

Posted on by Aban Cheema

A. “Agent” only.
B. “Principal” only
C. Both on the agent and the principle.
D. None of the above

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

The liabilities of a partnership may include

Posted on by Aban Cheema

A. Amounts owed to partners for their capital contributions
B. loans to the partnership
C. Amount that a partner may owe to another partner
D. Both ‘A’ and ‘B’

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

The maximum number of partners in a partnership under Pakistani law is:

Posted on by Aban Cheema

A. 10
B. 15
C. 20
D. 25

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

Loss of goods by fire should be credited to

Posted on by Aban Cheema

A. Loss of goods by fire in account
B. Sales account
C. Purchases account
D. Bad debts account

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

In the accounting cycle

Posted on by Aban Cheema

A. Books are closed before making financial statements
B. Closing entries are made before the adjusting entries
C. Adjusting entries are made before financial statements are made
D. None of the above

PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

How many members are in FATF?

Posted on by Aban Cheema

A. 32
B. 35
C. 49
D. None of above

Continue reading →

Maths MCQs, PPSC Solved Past Papers MCQs, PUNJAB PUBLIC SERVICE COMMISSION FOR the POST OF ACCOUNTS OFFICER (BS-16) MALE/FEMALE ... 2011 IN THE PUNJAB FINANCE DEPARTMENT

Fixed costs are those

Posted on by Aban Cheema

A. Outside the control of managers
B. Which are constant per unit of output
C. Expenses that do not change as a function of the activity of a business, with in relevant period
D. None of the above