| MCQS | Submitted By |
|---|---|
| Q: The balance of petty cash book is ?
Answer: assets Category: accounting |
Muhammad Faisal Awan |
| Q: Which of the following countries successfully launched its most powerful rocket “Long March-5B” ? Category: current affairs | Zoha Shah |
| Q: On 1st March 2021, The Supreme Court announced that Senate elections would be held under ____________ of the Constitution: ? Category: pakistan current affairs | Hashim Hameed |
| Q: Pakistan and China virtually celebrated their ___________ anniversary of diplomatic ties on 2nd March 2021: ? Category: pakistan current affairs | Hafeez Khan |
| Q: What is the overall term for creating editing, formatting, storing, retrieving and printing a text document ? Category: computer | Kashif Khan |
| Q: What is the name of Pakistan’s E-sports player who has won the International WePlay Ultimate Fighting League (WUFL) Tekken 7 tournament ? Category: pakistan current affairs | Hamid Zafar |
| Q: The Economist Intelligence Unit (EIU), in partnership with Facebook, has released the Inclusive Internet Index 2021. Pakistan has been ranked at ________ spot globally ? Category: pakistan current affairs | Zia Khan |
| Q: What is the name of 6-year-old boy who becomes world’s youngest computer programmer ? Category: current affairs | Sadia Ali |
| Q: Which two nations signed a landmark defence deal on November 17 to countr China’s growing influence in the South China Sea ? Category: current affairs | Zobia Nawaz |
| Q: Who is the first Pakistani woman nominated for the Best New Artist and Best Global Music Performance at the 64th Annual Grammy Awards ? Category: pakistan current affairs | Khawar Rana |
| Q: What is the name of central bank of Pakistan ? Category: Banking | Rasheed Anwar |
| Q: The Islamic ideology council presents its formal report for Islamic banking in ? Category: Banking | Aamir Aziz |
| Q: Takbeer-e-Tashreeq is recited in _____ Namaz(Prayer): ? Category: Namaz | Zoha Chudary |
| Q: Which Country fined Facebook’s WhatsApp a record 225 million euro ($266m) on Thursday, September 2, 2021 ? Category: Current Affairs | Ihtesham |
| Q: The total area of the earth is _______ Greater than the area of US. ? Category: General Knowledge | Asif Ali |
| Q: If __________ increases will increase the capital ? Category: accounting | Naveed Ahmed |
| Q: Equity can be well defined by ? Category: accounting | Naveed Ahmed |
| Q: The gross inflow of economic benefit is called ? Category: accounting | Naveed Ahmed |
| Q: Having separate legal entity whose total capital can be divided into many shares are called ? Category: auditing | Naveed Ahmed |
| Q: Concurrent audit is a part of ? Category: auditing | Adnan |
| Q: How many types of Audit ? Category: auditing | Adnan |
| Q: Which of the following is true about a trial balance ? Category: accounting | Amir |
| Q: _____________ is the common base for preparing a trial balance ? Category: accounting | Amir |
| Q: If a transaction is completely omitted from the book of accounts, will it effect the agreement of a trial balance ? Category: accounting | Amir |
| Q: Trial balance is prepared to check accuracy of _____________ ? Category: accounting | Amir |
| Q: Favourable balance of cash book means ? Category: banking | Syed Imtiaz |
| Q: Those cheques which are not credited by the bank are called ? Category: banking | Syed Imtiaz |
| Q: A book in which small expenditures are recorded is called ? Category: banking | Syed Imtiaz |
| Q: Bank reconciliation is prepared by ? Category: banking | Syed Imtiaz |
| Q: Bank reconciliation is a ? Category: banking | Syed Imtiaz |
| Q: The balance of petty cash book is ? Category: banking | Syed Imtiaz |
| Q: A reserve is a charge against ? Category: accounting | Syed Imtiaz |
| Q: Which of the following is not a current liability ? Category: accounting | Syed Imtiaz |
| Q: The term fixed asset does not include ? Category: accounting | Syed Imtiaz |
| Q: The term current asset does not include ? Category: accounting | Syed Imtiaz |
| Q: Bank account is a / an ? Category: accounting | Syed Imtiaz |
| Q: The comparison of net profit with the sales of the same year is ? Category: accounting | Syed Imtiaz |
| Q: Which method of Depreciation is used by tax authorities ?
Answer: Straight line method Category: accounting |
Ali Zain |
| Q: Depreciation is calculated on ?
Answer: Fixed assets Category: accounting |
Ali Zain |
| Q: What is meant by deffered taxation ?
Answer: fixed liability Category: accounting |
Ali Zain |
| Q: Which is not included in financial budget ?
Answer: Sales budget Category: finance |
Ali Zain |
| Q: What is product cost ?
Answer: Selling and administration expenses Category: finance |
Ali Zain |
| Q: Accounting equation is ?
Answer: assets-liability=equity Category: accounting |
Ali Zain |
| Q: Balance sheet is prepared at ?
Answer: End of year Category: accounting |
Ali Zain |
| Q: A statutory auditor has a right of access at all time to ?
Answer: Books, accounts and vouchers of the Company Category: auditing |
Sabir Ali |
| Q: Depreciation does not arise from ?
Answer: remarket expectation Category: accounting |
Sabir Ali |
| Q: The working paper which auditor prepares for financial statements audit are ?
Answer: Owned by the auditor Category: auditing |
Sabir Ali |
| Q: Audit program is prepared by ?
Answer: The auditor and his audit assistants Category: auditing |
Sabir Ali |
| Q: Keeping the log of financial information in book of origional entries is ?
Answer: Recording Category: finance |
Amber Ali |
| Q: The scope of work of a statutory auditor is determined by ?
Answer: Law Category: auditing |
Amber Ali |
| Q: An auditor of a company is appointed for a period of ?
Answer: one year Category: auditing |
M Ajmal |
| Q: Balance sheet audit is helpful for ?
Answer: Big concerns Category: auditing |
M Ajmal |
| Q: Continuous audit is useful for ?
Answer: Big concerns Category: auditing |
M Ajmal |
| Q: Audit of sole proprietorship is ?
Answer: Unnecessary Category: auditing |
M Ajmal |
| Q: Internal check is a part of the whole system of ?
Answer: Internal Control Category: auditing |
M Ajmal |
| Q: Interim audit is conducted between two ?
Answer: Final audit Category: auditing |
M Ajmal |
| Q: Audit at the end of the year is known as ?
Answer: Partial audit Category: auditing |
M Ajmal |
| Q: Continuous audit is ?
Answer: Regular audit Category: auditing |
M Ajmal |
| Q: Auditing is compulsory in the case of ?
Answer: joint stock companies Category: auditing |
M Ajmal |
| Q: Internal auditor is appointed by ?
Answer: The management Category: auditing |
M Ajmal |
| Q: The main objective of audit of accounts of a partnership firm is to ?
Answer: Detect errors and funds Category: auditing |
M Ajmal |
| Q: The excess of current assets over current liabilities is called ?
Answer: Working Capital Category: accounting |
Kinza |
| Q: Goods return to supplier are known as ?
Answer: purchase return Category: accounting |
Kinza |
| Q: The amount invested by the proprietor to start a business is called ?
Answer: Capital Category: accounting |
Kinza |
| Q: Obligation of the business are known as ?
Answer: Liabilities Category: accounting |
Kinza |
| Q: Discount received is a ?
Answer: Revenue Category: accounting |
Kinza |
| Q: The process to whom goods are sold on credit is called ?
Answer: Debtor Category: accounting |
Kinza |
| Q: Goods return by the customer are termed as ?
Answer: Sales return Category: accounting |
Kinza |
| Q: A systematic way to maintain the books of accounts is called ?
Answer: Book Keeping Category: accounting |
Kinza |