Most Important & Most Repeated MCQs

  • Cost of goods sold + Opening Stock
  • Excess of sales over cost of goods sold
  • Net profit less expenses of the period
  • Sales less Purchase
  • b
  • Assets
  • Drawings
  • Liabilities
  • None of these
  • b
  • The drawing is a term which is used in commerce. A owner withdraws money from business for his personal use then this transaction will be called Drawings.

  • Items carefully selected from each group
  • Purposively selected items for audit
  • Randomly selected items for audit
  • None of these
  • c
  • Under the Banking Companies Ordinance 1962
  • Under the Companies Ordinance 1984
  • A & B
  • None of these
  • c
  • Companies Ordinance was passed on 8th October 1984.
    This Companies Ordinance 1984 cancelled the Companies Ordinance 1913.
    Now, Companies Ordinance 1984 replaced with Companies Ordinance 2017

  • Rules on Trade disputes between nations
  • Sets exchange rates to balance international trade among nations
  • Is the Successor to NAFTA
  • Set Tariffs to balance international trade among nations
  • b
  • WTO stands for World Trade Organization.
    WTO was founded on 1st January 1995.
    WTO has 164 member states.
    Its HQ is in Geneva Switzerland.