Most Important & Most Repeated MCQs

  • 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.

  • 05
  • 06
  • 07
  • 08
  • b
  • Current Assets
    Fixed Assets
    Intangible Assets
    Tangible Assets
    Liquid or Quick Asset
    Wasting Assets

  • Profit
  • Loss
  • Recovery
  • Earning
  • b
  • Gradually decrease in the value of machinery or asset due to usage in business is called Depreciation.