PPSC Past Papers MCQs

PPSC Accountant Local Government & Community Development 2020 — 94 MCQs (Page 3 of 10)

Practice PPSC Past Papers MCQs with solved questions from real past exams. These MCQs cover PPSC Accountant Local Government & Community Development 2020 past papers and are ideal for candidates preparing for competitive exams.

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Real accounts are related to?

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

Quick Asset includes which of the following?

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

Depreciation expense is?

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

Double entry book-keeping was fathered by?

A. F.w taylor
B. Henry fayol
C. Lucas pacioli
D. None of these

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

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

Cash budget exclude the following?

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

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

Conversion cost is?

A. Material cost + overhead cost
B. Direct labour + material cost
C. Direct labour – material cost
D. Labour cost + overhead cost

Process coasting is relevant to?

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

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

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