A systemic way to maintain the books of accounts is called———?

A. Accountancy

B. Economics

C. Book keeping

D. Auditing

An Art of reading, classifying & Summarizing of accounts in a systemic way is called——-?

A. Accounting

B. Accountancy

C. Auditing

D. Book Keeping

The maintenance of accounts in a systemic way is called—–?

A. Accounting

B. Reading

C. Book Keeping

D. Auditing

Goods Return by customer are termed as:

A. Purchase return

B. Customer return

C. Sales return

D. Inventory return

Modern system of book keeping is called——-?

A. Double entry system

B. American system

C. Single entry system

D. Italic system

A person to whom goods are sold on credit is called—–?

A. Buyer

B. Seller

C. Debtor

D. Creditor

Double entry means——–?

A. Entry in two sets of books

B. entry at two ends

C. entry at two dates

D. Entry for two aspects of the transection

Discount received is a/an:

A. Asset

B. Expensive

C. Liability

D. Revenue

Obligation of the Business are known as——–?

A. Liabilities

B. Revenues

C. Expensive

D. Assets

The amount invested by the proprietor to start the business is called——–?

A. Capital

B. Business

C. Drawings

D. All of these

MCQs (Category wise)

Departmental Solved Past Papers

National Highway & Motorway
Intelligence Bureau
Airport Security Force
Anti-Narcotics Force
Federal Board of Revenue FBR
Pakistan Academy of Letters
Ministry of National Food Security & Research
Ministry of Information & Broadcasting
Survey of Pakistan
National Heritage & Culture Division
Ministry of Planning Development & Special Initiative
Election Commission of Pakistan
Pakistan Meteorological Department
Ministry of Interior
Ministry of Foreign Affairs
Ministry of Religious Affairs
Department of Passport & Immigration
Pakistan Post Office
Audit General of Pakistan
Pakistan Bureau of Statistics
Poverty Alleviation & Social Safety Division
Ministry of Defence
Ministry of Law & Justcie