SPSC - Assistant Accounts Officer 2025 Past Paper with Answers

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

49 solved MCQs across 1 approved paper

The long-term assets that have no physical existence but are rights that have value are known as _______?Answer: Intangible assets What does the price-to-earnings (P/E) ratio indicate?Answer: Investor confidence in future earnings Which type of market structure is characterized by a single seller with no close substitutes?Answer: Monopoly Which type of cost is incurred but cannot be recovered?Answer: Sunk Cost Which ratio is used to assess a company’s profitability relative to its total revenue?Answer: Net profit margin Which financial statement shows a company’s revenues and expenses over a period of time?Answer: Income Statement Which pricing strategy involves setting a high initial price and gradually lowering it over time?Answer: Price Skimming Accounting provides information on ______?Answer: All of the above The formula for return on equity (ROE) is ______?Answer: Net income ÷ Shareholders’ equity You _____ travel straight to Hala without having to go to Hyderabad city.Answer: Can Which financial statement shows a company’s financial position at a specific point in time?Answer: Balance Sheet Which financial ratio measures a company’s ability to generate profit from its total revenue?Answer: Gross Profit Margin Which market structure is characterized by a few dominant firms controlling the industry?Answer: Oligopoly Which ratio indicates how efficiently a company uses its assets to generate revenue?Answer: Asset turnover ratio Which accounting principle requires companies to report financial information in a consistent manner over time?Answer: Consistency Principle Choose the correct Analogy: Fast : Hunger :: Race : ?Answer: Fatigue Which financial statement provides a snapshot of a company’s financial position at a specific point in time?Answer: Balance Sheet Allama Iqbal was awarded the title of "Sir" by ______?Answer: King George V Which ratio measures a company’s ability to pay off its long-term debts?Answer: Debt-to-equity ratio