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

Principal and markup payment within one year constitutes long term liability for disclosure in the balance sheet of a company.

Which of the following errors is an error of omission?

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?

Banks, for the preparation of financial statements, are governed under:

Sales on credit is recorded in which of the following journal?

Short-term loan can be described as:

What is the basic accounting equation?

The following is (are) the type(s) of Journal

Capital expenses are shown in______?

A cash purchase of supplies would:

It means that cash is received by the business from the proprietor. It results in the immediate receipt of cash

Depreciation is normally charged as

The gross decrease in economic benefits for the business are what?

Which of the following accounts can be classified as a real account?

A credit balance remaining in FOH Control account is called:

Identify the correct sequence of accounting process:

Internal Control is totally synonymous with:

Which of the following statements is correct about Trial Balance?

In accounting, an economic event is referred to as:

Which of the following specialized journals records “goods returned by customers”?

Identify the nominal account

Break Even can be calculated as under:

Income Tax is levied on:

Which of the following specialized journals records “goods returned by customers”?

Amount, cash, or other assets removed from business by owner is:

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