SPSC - Accounts Officer 2023 Past Paper with Answers

Practice the SPSC - Accounts Officer 2023 past paper with 31 solved MCQs, answers and topic coverage.

31 solved MCQs across 1 approved paper

The main function of World Trade Organization (WTO) is to ensure that trade flows?Answer: All of these Per Capita income is calculated as?Answer: N.I/ Population The Antonym of Capitulate is?Answer: Both A and B What standards are used to prepare financial statements by most of the countries and companies?Answer: International Financial Reporting Standards The expected disposal value of the asset (after deduction disposal costs) at the end of its expected useful life is called?Answer: Residual value In Modaraba?Answer: One person invests money and the other invests labour and experiance The accounting process of allocation cost of intangible assets is called?Answer: Amortization What from the following is not a current asset?Answer: Patent Rights Salaries paid to partners is an:Answer: Appropriation of profit among partners Capital Intensive industries with longer manufacturing process will have ________ requirements of working capital.Answer: Higher IRR is also called as?Answer: All of these The effect of overcapitalization is and of under capitalization is ________ dividend rates.Answer: Fall, rise An annuity for an infinite period of time is called?Answer: Perpetuity Inflation, changes in interest ration and changes in economic condition affect all firms and all industries. These factors are part of?Answer: Market Risk Project invisibility can lead to sub-optimal results when ______ is used for capital retaining.Answer: IRR Which of the following are the functions of treasuries?Answer: Managing working capital A ______ increases in liability, while ___________ decreases in liability.Answer: Credit, Debit Loans obtained against hypothecation of an asset is called?Answer: Secured Loan Intangible Assets_____?Answer: Have no physical existence Historical cost of inventories may be determined by using?Answer: Both A & B The Bank Reconciliation Statement is?Answer: Not a part of book of accounts Which of the following is a Book of secondary entries?Answer: Ledger _________is the residual interest of owners in assets over liability?Answer: Equity The antonym of 'Amenable' is?Answer: Stubborn Giving undue favour to one's own kith and kin is termed as?Answer: Nepotism Something that can be heard?Answer: Audible There is ______milk in this jug.Answer: Some Go on ______ the crossroad.Answer: To The synonym of 'Authentic' is?Answer: Factual The synonym of 'Humid' is?Answer: Sticky