A. Subscription of capital of a company
B. Amalgamation of two different types of businesses
C. Reconstruction of capital of a company
D. None of these
PPSC Past Papers
Process costing is relevant to:
A. Job Order
B. Cement cost oriented projects
C. Banking industry
D. None of the these
Return on investment is computed as:
A. (Profit ÷ Investment) × 100
B. (Profit − dividend) ÷ investment × 100
C. Investment ÷ Profit × 100
D. Investment ÷ Profit × 200
Conversion cost is calculated as under:
A. Labour plus materials
B. Labour minus overhead
C. Labour plus overheads
D. Labour minus materials
Accounting requirements governing NGOs are prescribed in:
A. Companies Ordinance 1984
B. Cooperative Societies legislation
C. None of Above
D. Partnership Act 1932
Real accounts are related to:
A. Assets
B. Expense and incomes
C. Nominal accounts
D. None of these
Promotion of an employee to fill a vacant post is a good example of:
A. Online recruitment
B. External recruitment
C. Internal recruitment
D. None of these
NGOs are legally required to:
A. Prepare accounts in a prescribed manner under the law
B. Prepare cash flow statements
C. Provide accounts as desired by donors
D. None of these
_ principle in accounting is applied when recognizing income and recording expense.
A. Objectivity
B. Consistency
C. Matching
D. Subjectivity
