SPSC - Accounts Officer 2025 Past Paper with Answers

Practice the SPSC - Accounts Officer 2025 past paper with 49 solved MCQs, answers and topic coverage.

49 solved MCQs across 1 approved paper

Retained earnings are ______?Answer: Also known as cumulative earnings of the company after paying the dividends Debenture holders are _____?Answer: Creditors of the Company Bill of Exchange when drawn requires _______?Answer: Acceptance Which sentence correctly uses the subjunctive mood? If I am you, I would take the job., If I was you, I would take the job., If I were you, I would take the job., If I would be you, I take the jobAnswer: If I were you, I would take the job. What is used in preparing trial balance?Answer: Ledger Accounts In management accounting, an emphasis and focus must be _______?Answer: Future oriented Which of the following is the relation that the law of demand defines?Answer: Price and quantity of a commodity What do you mean by Gross National Product?Answer: The total value of goods and services produced in the country and net factor income from abroad Change the following sentence into Indirect Speech: He said, “What a teacher you are!”Answer: He exclaimed with surprise that he was a great teacher Long term assets without any physical existence but, possessing a value are called ______?Answer: Intangible assets Which Pakistani scientist developed the first indigenous satellite, Badr-1?Answer: Dr. Salim Mehmud Sales invoices are first entered in ______?Answer: The Sales Journal A picture in water color on wall is called?Answer: Fresco What do you mean by the demand of a commodity?Answer: Quantity that consumers are able and willing to buy various prices during any particular period of time How many persons with Pakistani origin have been awarded the Nobel Prize till to date?Answer: 2 Which of the following account with normal balance is shown at the debit side of a trial balance?Answer: Cash account In order to find out the value of the closing stock during the end of the financial year we _______?Answer: Do this by stock taking The valuation of the financial asset is based on determining _____?Answer: The present value of future cash flow An accounting approach, in which the expected benefits exceed the expected cost is classified as ______?Answer: Cost-benefit approach