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All Federal Public Service Commission (FPSC) Current & Past Papers are included in this portion of ETEST Website. All Papers related to all posts which are conducted by FPSC are included. Visitors should visit ETEST Website regularly for Best Jobs Tests Preparation because ETEST Team updates ETEST Website on daily basis. in this section.

Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Rule of 72 for finding the number of periods is fairly applicable to which of the following range of discount rates?

August 29, 2021   Admin No Comments
  • 5% to 20%
  • 4% to 25%
  • 2% to 8%
  • 10% to 50%
  • a
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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

A borrower is able to pay Rs. 40000 in 5 years. Given a discount rate of 12 percent. What amount of money the lender should lend?

August 29, 2021   Admin No Comments
  • Rs. 18,256
  • Rs. 14,186
  • Rs. 22,697
  • 28,253
  • c
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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Which one of the following is not a form of business organization?

August 29, 2021   Admin No Comments
  • Sole proprietorship
  • Joint stock company
  • Co-operative society
  • Partnership
  • c
  • Cooperative Society is basically a voluntary association.

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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Which of the following statement shows assets, liabilities and net worth as on a specific date?

August 29, 2021   Admin No Comments
  • Owner’s Equity Statement
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • b
  • Balanced Sheet is prepared on the end of an accounting period.

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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Which of the following term refers to the use of debt financing?

August 29, 2021   Admin No Comments
  • Operating Leverage
  • Manufacturing Leverage
  • Financial Leverage
  • None of these
  • c
  • Financial Leverage is an investment strategy that is implemented on borrowed money.

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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Sales Rs. 25000 Variable cost Rs. 8000 Fixed cost Rs. 5000 Break even sales in value:

August 29, 2021   Admin 2
  • Rs. 7936
  • Rs. 8333
  • Rs. 7353
  • Rs. 9090
  • c
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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

The ratios which reveal the final result of the managerial policies and performance is:

August 29, 2021   Admin No Comments
  • Turnover ratios
  • Short term solvency ratio
  • Profitability ratios
  • Long term solvency ratio
  • c
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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Wages are paid to a labor, who was engaged in production activities can be termed as:

August 29, 2021   Admin No Comments
  • Direct cost
  • Indirect cost
  • Sunk cost
  • imputed cost
  • a
  • Wages are related to Expense Account head.
    Wages are mentioned in Debit Side.

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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

The current account of a partner:

August 29, 2021   Admin No Comments
  • Always has a credit balance
  • May have a debit balance and credit balance
  • Always has no balance
  • Always has a debit balance
  • b
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Year: 2019
Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Dividends are usually paid on:

August 29, 2021   Admin No Comments
  • Authorized capital
  • Issued capital
  • Paid up capital
  • None of these
  • c
  • Dividend is a regular payment on profit that given to the investors.

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Year: 2019
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