The population of country doubled every 10 years from 1950 to 1980. What was the percent increase in population during this time?
- (A) 300%
- (B) 400%
- (C) 700%
- (D) 800%
- (C) 700%
If Meena solved math problems in 15 minutes. At this rate, how many problems can she solve in 40 minutes?
- (A) 40
- (B) 48
- (C) 60
- (D) 64
- (A) 40
An increase in stock of Rs. 250, a decrease in the bank balance of Rs. 400 and an increase in Creditors of Rs. 1200 results in:
- (A) A decrease in working capital of Rs. 1,350
- (B) A increase in working capital of Rs. 1,350
- (C) A decrease in working capital of Rs. 1050
- (D) A increase in working capital of Rs. 1050
- (A) A decrease in working capital of Rs. 1,350
A decrease in provision for doubtful debis would result in:
- (A) A increase in liabilities
- (B) A decrease in working capital
- (C) A decrease in net profit
- (D) A increase in net profit
- (C) A decrease in net profit
The phrase ‘net book value’ when applied to fixed assets means that:
- (A) The assets are shown in balance sheet at their original cost
- (B) The assets are valued at their likely selling price
- (C) The assets have been depreciated using the reducing balance method
- (D) The assets are shown in the balance sheet at their cost less accumulated depreciation
- (D) The assets are shown in the balance sheet at their cost less accumulated depreciation
Stock is valued using FIFO. Opening stock was 10 units are Rs. 2 each. Purchases were 30 units at Rs. 3 each, then issues of 8 units. The value of closing stock will be?
- (A) Rs. 40
- (B) Rs. 60
- (C) Rs. 80
- (D) Rs. 100
- (B) Rs. 60
The expression of independent opinion is must commonly used in:
- (A) Accounting
- (B) Management
- (C) Administration
- (D) Auditing
- (D) Auditing
An on-going appraisal of an organization’s operations by its own employees who evaluate and monitor the risk management, Governance and Control practices of the organization is called?
- (A) Management by Objectives
- (B) Quality Control
- (C) External Audit
- (D) Internal Audit
- (D) Internal Audit
With how many countries does Pakistan share borders?
- (A) 2
- (B) 3
- (C) 4
- (D) 5
- (C) 4
Which Province of Pakistan has the largest area?
- (A) Khyber Pakhtunkhwa
- (B) Punjab
- (C) Sindh
- (D) Balochistan
- (D) Balochistan