All important questions related to Account Officers 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

Acid Test Ratio is calculated as under:

Depreciation decreases____________?

Flexible budget is a budget with the following features:

An asset possesses which of the following?

Which of the following accounting equation is correct?

Credit purchase of plant and machinery is recorded in which of the following journals?

Closing stock is generally valued at______________?

At break-even point of 400 units sold the variable costs were Rs. 400 and the fixed costs were Rs.200. What will be the 401 units sold contributing to profit before income tax?

Which of the following is a representative Personal A/c?

Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000

Capital increases if _________ increases?

The sales income (Credit and Cash) of a business during a given period is called

An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?

Revenue is generally recognized as being earned at that point of time when?

Which of the following statements is correct about Trial Balance?

Users of accounting information include:

The investment of personal assets by the owner:

Which of the following specialised journals will record “goods returned by the BUSINESS “?

Which of the following is a liability?

Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?

The normal balance of capital account is_____________?

Quick Ratio can be computed as under:

The real accounts are accounts of Assets, liabilities and ___________?

Generally the term fund is used to mean the difference between?

Liquid or Quick assets =

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