Pak Study MCQs
Designation of Governor-General abolished and changed to President on ?

A. 15 august 1947
B. 16 october 1951
C. 05 july 1955
D. 23rd march 1956

Sugar used in a sugarcane company is?

A. Variable cost
B. Semi variable cost
C. Fixed cost
D. Step fixed cost

An auditor is liable under the following circumstances?

A. Third party liabilities
B. Fraud perpetrated in highly sophisticated circumstances
C. Both of above
D. None of these

Conversion Cost is calculated as under?

A. Labour plus materials
B. Labour plus overheads
C. Labour minus overheads
D. None of these

Accumulated loss of a company is shown in the balance sheet as?

A. Liability
B. Asset
C. As foot note to balance sheet
D. None of these

Explanation: losses are deducted from capital, how is it possible to be shown in assets? could you elaborate, please?

Shandur Pass connects ?

A. Upper swat with lower swat
B. Chitral with gilgit
C. Bannu with afghanistan
D. Gilgit with kashgar

Explanation:  

Shangla Pass connects ?

A. Peshawar with chitral
B. Upper swat with lower swat
C. Bannu with afghanistan
D. Gilgit with kashgar

Trading loss occurs when?

A. Revenues exceed the matching relevant cost
B. Revenue and matching costs are equal to each other
C. When relevant matching cost exceeds revenues
D. None of these

Accounting requirements governing NGOs are Prescribed in?

A. Partnership act 1932
B. Cooperative societies legislation
C. Companies ordinance 1984
D. None of these