Model Papers

(B)

(D)

(C)

(C)

(C)
Q.6ACCOUNTING PORTION: Balance sheet is always prepared

(B)
Q.7 Which of the following shows the details and results of the company's profit related activities for a period of time?

(C)
Q.8Accounting equation is defined as

(A)
Q.9Current assets include

(D)
Q.10Audit of the sole-trader business is

(B)
Q.11Which of the following is a disadvantage of the joint stock company

(C)
Q.12 Home trade does not involve:

(D)
Q.13The real name of great Muslim reformer "Hazrat Shah Wali Ullah " was:

(B)
Q.14The pioneer of the two nation theory was:

(A)

(B)

(C)
Q.17 Who coined the term Pakistan?

(B)
Q.18August Offer was made by

(D)

(D)

(B)

(B)

(D)

(B)

(B)
Q.25Barometer is an instrument for

(C)
Q.26UNO was established in:

(B)

(B)

(C)
Q.29The Headquarters of IMF is located in

(A)
Q.30 The capital of Saudi Arabia is

(D)

(B)

(B)
Q.33 How many members are in FATF?

(D)

(A)
Q.35European Union consists of

(C)
Q.36KGB was the national security agency of

(D)

(D)
Q.38The President of the Syria is

(A)
Q.39IRNA is the news agency of

(C)

(C)
Q.41Choose the most suitable meaning: CENSURE

(B)
Q.42The liabilities of a partnership may include

(D)
Q.43The book "Essays on the life of Muhammad PBUH" was written by

(A)
Q.44Pakistan shares longest border with

(C)
Q.45SONOROUS

(B)
Q.46The second highest mountain of Pakistan is:

(B)
Q.47NASCENT

(D)

(A)
Q.49STANDING

(A)

(C)
Q.51The Current chief minister of Gilgit-Baltistan is:

(C)
Q.52IMPERIOUS

(A)

(B)
Q.54When I told my mom I would come home at 1 am, she had a cow

(C)
Q.55 Which one is an example of personal account?

(A)
Q.56Loss of goods by fire should be credited to

(C)
Q.57 In the accounting cycle

(B)

(C)
Q.59"Unless you are not thinking out of the box you won't survive in this job" means

(C)
Q.60If you have a finger in the pie", you are ______in something

(A)
Q.61The purpose of double entry bookkeeping is:

(A)
Q.62 A petty cash book records:

(D)
Q.63The Current Ratio formula is:

(D)
Q.64Cost of sale is equal to

(B)

(A)
Q.66Which account will have a credit balance?

(C)

(B)

(C)
Q.69Depreciation is to be charged because

(B)

(A)
Q.71"Once in a blue moon" means ـــــ_______

(C)
Q.72In straight line method, the depreciation charge is:

(A)

(A)

(D)
Q.75Subscriptions received in advance is

(D)
Q.76Fixed costs are those

(B)
Q.77Prime cost is the sum of

(A)

(A)
Q.79 If the applied FOH cost is less than the actual FOH cost, it is:

(A)

(B)

(D)
Q.82A typical factory overhead cost is

(A)
Q.83Which of the following statements is not true about continuous audit?

(C)
Q.84Tests of control are not related with

(D)
Q.85"To hit below the belt" means

(B)

(C)
Q.87The State Bank of Pakistan was established on:

(B)

(C)

(A)

(D)
Q.91 Main instrument of money market is:

(D)
Q.92The purchasing power parity theory was restated by:

(D)

(A)

(D)

(B)

(A)
Q.97What is 10% of 30% of 40%?

(B)

(C)

(D)

(D)