Most Important & Most Repeated MCQs

  • Capital/Assets
  • Current Assets/Current Liabilities
  • Current Assets/Drawings
  • Current Liabilities/Capital
  • b
  • Current Ratio shows about the loss & profit of company to partners within a specific time period.

  • Limited Companies
  • Banking Companiesb
  • Private Limited Companies
  • None of these
  • b
  • 31st of every month
  • Weekly basis
  • Routine Checking
  • Balance sheet Audit
  • c
  • Watson & Crick
  • Jacob & Monod
  • Khorana
  • Baltimore
  • a
  • DNA is related to Biochemistry. DNA stands for Deoxyribonucleic
    Watson & Crick discovered the Chemical structure of DNA in 1953.
    DNA was discovered by Swiss Chemist Friedrich in 1860.

  • 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.