Account tests

All important questions related to Account Officers used in PAF initial tests are available here. These MCQs are very helpful and to join Pak Defence Forces. These are applicable for all officers and  tests of  below ranks. For more notes of the subjects CLICK HERE 

Most Important Tests to become an Account Officer




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Accounting Quiz

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The following is a statement showing the financial status of the comapany at any given time

The maximum number of partners in Pakistan can be fixed at the following:

Which of the following accounts are closed at the end of an accounting period?

Interest in drawings is regarded as

If a firm has paid super-tax, its partners may follow any one of the following behaviours:

The correct form of Accounting equation is

Capital increases if _________ increases?

Which of the following accounts is prepared to find out the cost of production?

A machine price was $1,000 and was carried through a truck. The truck’s fares were $500. The engineers charged $500 for the installation. The cost of the machine is?

Prepaid Insurance A/cis ___ A/c

Which is the most important characteristic that all assets of a business have?

A credit balance remaining in FOH Control account is called:

Advance payments are recognized as

Which of the following business entity is considered as a “legal person” in the eye of law?

___is the art of recording, classifying, and summarizing in a significant manner, and in terms of money transactions and events which are in part at least, of a financial character and interpreting the results thereof.

Trial balance is commonly prepared?

Short term Loan can be best described as:

Keeping the log of financial information in books of original entries is called__________?

The account that records expenses, gains and losses is

Sales and purchase journal don’t record__________?

Preparation of annual report of a firm is governed under:

Acid Test Ratio is calculated as under:

Obligation of the Business are known as___________?

Which of the following expenses will be shown in the Profit and Loss Account?

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