MCQ PPSC paper Assistant Account Officer in Food DepartmentSome Mcq in PPSC paper which is i remember (Assistant Accounts officer in Food Department) Date 17-06-2013 if u remember any Mcq plz share1-Budgetary cycle of Government? 1 junaray to 31 Dec, 30 june ti 31 july, 1 february 30 june2-Credit may Signify..?3-As Compared to annuity method, the amount of depreciation provided in the sinking fund method is :Equal, Higher, Lower , Zero.4-Realization account is: Nominal a/c, Personal A/c, Real a/c , Fictitions a/c.5-The Minimum Share Application money is: 5%,10%,15%,20%.6-When shares are forfeited capital a/c is debited : Called up Amount, Share Paid up Amount on share, Nominal value of Shares amount.7-A Company has made a public Issue ,it cannot Issue bones Share before expire of ,03 months,06 months ,12 months,15 months.8-PCP mean?9-COA Mean? Chartered of Accountants10-charged expenditure is?11-Revenue account derived from ? (Govt. point of view)12-Treasurey Bills Issued by?13-Govt. accounting based on : cash base, accrual base, modified case base14-Public account of province comprise of cost : Private fund, Donor agencies Fund, Etc?15-Public account committee is responsible for :- Complication of account, HearPublic complaints , Carries out legislative scrutiny of public fund etc?16-Function of Auditors General of Pakistan are regulated under:- Financial Audit manual, Audit code, Constitution of Islamic Republic of Pakistan, non of theses.17.Bonus Share can be issued from account ?18 According to Accounting stranded 6 Depreciation is applicable of the fallowing19 Net book value of the asset is? Historical cost - accumulated depreciation. Gross book value+ Historical cost, Historical cost, Fair market value20 Purchase furniture on cash recorded on Cash book, Sale journal Purchase Journal21 Company sectary must be knowledge Company law, Taxation law, Labour law,All of these22 Bank draft facility only Current account Saving Account Fixed deposit account23 Rent paid in advance Real account Nominal A/c Personal A/c24 Bank Account is Real A/c ,Nominal A/c Personal A/c25 Business has indefinite life according to which concept Business entity concept, Going concern concept. Cost Concept26 Correct accounting equation is Liability= Assets +capital, Assets = capital-liability, Asset = capital + Liability NONE OF THESE27 Bank overdraft is Real A/c ,Nominal A/c Personal A/c28 Normally show credit balance Discount A/c,Account payable,Account receivable29 Right share offer Existing share holder, New share holder.Debenture Holder,None of these30 Cheque dishounered recorded Sale return book, Purchase return book, Journal.Cash Book31 Bank account credit balance show Assets,liability. income, expense32 Purchase a typewriter is debited in which account33 Purchase a Machinery is debited in which account34 Internal audit is appointed Directors, Share holder. Management. none of these35 Continuous Audit is? interim audit regular audit, continuous audit, Statutory audit36 Audit of sole trader ship is ? Compulsory, Unnecessary, Advisable,37 Processing and presenting the accounting information in the internal is, Cost accounting, Management Accounting, Financial accounting.38 Sale of the Grass of the pilot is capital receipt, Revenue receipt, Asset, In

 

come39 All assets is current assets except , Cash. Marketable security,Building.Stock in trade40 Outstanding expenditure is?capital Expenditure, Revenue Expenditure, Deferred revenue expenditure