NAT ICOM Commerce Accounting Test Preparation for Pakistani Students

NAT test is the abbreviation of National Aptitude Test. actually, in Pakistan NAT test is of a great importance as it is mandatory for getting admissions at bachelor’s as well as master’s level in the universities which are associated with National Testing Services. National Testing services in Pakistan is the authoritative body which is responsible for organizing NAT and GAT tests along with other scholarships and recruitment tests. NAT-I test is usually conducted for the aspirants who are desirous to get admission in undergraduate degree program and have completed their 12 years of education successfully.

The NAT-I further comprises of six types which includes:

  1. NAT-IE for Pre-engineering
  2. NAT-IA for arts and humanities
  3. NAT-ICS for computer science
  4. NAT-IGS for general science
  5. NAT-IM for pre-medical students
  6. NAT-ICOM for Commerce

MCQ's Test For NAT I Commerce Accounting

Try The MCQ's Test For NAT I Commerce Accounting

  • Total Questions10

  • Time Allowed20

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NAT I Commerce Accounting

00:00
Question # 1

Goods returned to supplier should be credited to:

Question # 2

Assets which come into existence upon the happening of a certain event are called

Question # 3

Bad debt arises from

Question # 4

Cheque received but not deposited recorded in cash book is

Question # 5

Nominal accounts are related to:

Question # 6

For payment of bill of exchange grace days are

Question # 7

Pass book is prepared in the book of

Question # 8

The science and art of correctly recording business dealing in a set of books is called

Question # 9

Goods returned by a customer should be debited to

Question # 10

The cheque which is returned by the bank unpaid is called

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Prepare Complete Set Wise NAT I Commerce Accounting MCQs Online With Answers


Before getting admission in any NTS associated college or university, it is necessary for the students to take part in NAT-I test. Just like the other disciplines, the students who wish to continue their studies in commerce and have studied ICOM at inter level are required to appear in NAT-ICOM test. NAT-ICOM is conducted by NTS for the students of commerce group. The NAT-ICOM comprises of total 90 MCQs from four important sections.

The subject portion in NAT-ICOM consists of total 30 multiple choice questions of weightage 33.4% from various sections which are accounting, commerce and economics. The accounting portion in subject part comprises of 10 multiple choice questions. For the ease of aspirants to prepare themselves for NAT-ICOM subject portion accounting part as well as other parts, we have introduced an online testing system that will help the students a lot in the preparation of their exams.

Here on this page, the students will be able to get NAT-ICOM accounting test. The test is very simple and easy to take. At the end, the students will also be able to check their result and through that result they will also be able to know their weak points.

Top Scorers Of NAT I Commerce Accounting MCQ`s Test

  • K
    Khadija Salman 10 - Nov - 2025 00 Min 02 Sec 10/10
  • H
    HASSAN RAZA KHAN 28 - Dec - 2024 00 Min 39 Sec 10/10
  • S
    Summaya Akram 07 - Jul - 2024 00 Min 41 Sec 10/10
  • M
    mouazzama zahoor 07 - Dec - 2024 00 Min 48 Sec 10/10
  • M
    maima irfan 20 - Jul - 2024 00 Min 53 Sec 10/10
  • T
    Taimur Iqbal 11 - Jan - 2025 01 Min 01 Sec 10/10
  • H
    Habiba Shakir 27 - Nov - 2024 01 Min 16 Sec 10/10
  • A
    AA Fighter 13 - Jul - 2024 01 Min 26 Sec 10/10
  • H
    Hammad Kiyani 22 - Sep - 2025 01 Min 29 Sec 10/10
  • S
    Salman Khalid 16 - Jul - 2024 01 Min 35 Sec 10/10
  • U
    Unknown 24 - Sep - 2025 01 Min 46 Sec 10/10
  • Y
    Yasmeen Bibi 02 - Sep - 2024 03 Min 00 Sec 10/10
  • M
    Masooma Mehdi 15 - Dec - 2024 01 Min 04 Sec 9/10
  • W
    Waseem Ahmad Qureshi 23 - Jul - 2024 01 Min 11 Sec 9/10
  • M
    Meera Ali 27 - Jul - 2024 01 Min 15 Sec 9/10
Sr. # Question Answer
1 Net loss is transferred in balance sheet to

A. Capital

B. Losses

C.Assets

D. Deferred losses

2 The amount of cash or goods with drawn by the proprietor for personal use is called:

A. Expenses

B. Revenue

C.Capital

D. Drawings

3 The amount of salaries paid to javed should be credited to

A. Javed A/c

B. Cash A/c

C.Salaries A/c

D. None of these

4 Assets which come into existence upon the happening of a certain event are called

A. Fictitious assets

B. Floating assets

C.Contingent assets

D. Dependent assets

5 The discount which is calculated on list price of goods is called

A. Trade discount

B. Rebate

C.Cash discount

D. None of these

6 Operating expenses represent

A. G.P- Operative Exp

B. Selling + General Exp

C.Selling administrative Exp.D)

D. All of these

7 Which of the following books is called book of original entry:

A. Cash book

B. Journal

C.Ledger

D. Sales book

8 The expenses incurred in purchasing land property represent

A. Capital expenditures

B. Revenue loss

C.Revenue expenditures

D. Deferred revenue expenditures

9 If more than two accounts are involved in one transaction the journal entry is called

A. Simple entry

B. Skeleton entry

C.Compound entry

D. Double entry

10 Prepaid expenses are

A. Expense

B. Liability

C.Asset

D. None of these

Test Questions

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