Most Important & Most Repeated MCQs

  • Provincial Revenues
  • Federal Financial Assistance
  • Foreign Aided funds
  • All of these above.
  • d
  • HBL
  • MCB
  • UBL
  • ABL
  • a
  • HBL provided 80 Million as loan for making first budget of Pakistan.

  • Randomly select items for Audit
  • Select All items for audit
  • Select a single one item only
  • None of these
  • a
  • Stratification is an audit technique.

  • Overhead cost + Direct Labour
  • Direct Labour + Material Expense
  • Labour cost + Overhead cost
  • None of These
  • C
  • The Labour cost is the sum of all wages paid to employees, as well as the cost of employees benefits, payroll taxes by an employer.
    Overhead Cost is Advertising Expenses, Insurance, Interest, Rent, Repair & Maintenance, Telephone Bills & etc.

  • Changes with production
  • Never Changes even if production capacity is doubled.
  • Fixed cost related to goods only
  • None of these
  • b
  • Fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services.
    Fixed cost are expenses that have to be paid by a company i.e. Rent, Interest etc.

  • Prepare Fake Accounts
  • Prepared Accounts according to desire of donor
  • Prepared Accounts in a prescribed manner under the law
  • None of these
  • c
  • NGO stands for “Non-Governmental Organization”.
    First International NGO was established in 1839 against Slavery Society.

  • Spain
  • Britain
  • Italy
  • Spain
  • c
  • Christopher Columbus discovered the America in 1492.

  • Romans
  • Indians
  • Chinese
  • Greeks
  • c
  • Paper was invented by Chinese around 100 BC.