NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Finance & Accounting

Try The MCQ's Test For NAT II Management Science Finance & Accounting

  • Total Questions10

  • Time Allowed15

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NAT II Management Science Finance & Accounting

00:00
Question # 1

The cost of holding the stock in storage is called

Question # 2

Lead time is the time between the time on item reaches --------------- and ---------- of

Question # 3

Work in process opening and closing inventory includes:-

Question # 4

Historical cost which is irrecoverable in a given situation is called

Question # 5

Offsetting expenses against revenue is the concept of:

Question # 6

Debentures are

Question # 7

A--------------- is an account in which those transaction are entered which cannot be placed to their accounts

Question # 8

What is negotiable instrument?

Question # 9

Dishonor of the bill occurs when:

Question # 10

Which one of the following is not a negotiable instrument?

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Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

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    Maya Kumari 08 - Jun - 2022 00 Min 39 Sec 10/10
  • M
    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
  • W
    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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    Muqadas Hussain 11 - Jan - 2023 10 Min 50 Sec 7/10
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    Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10
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    Bilal khan 18 - Jul - 2023 02 Min 19 Sec 6/10
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    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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    Shahkar Afridi 29 - May - 2022 10 Min 50 Sec 6/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 From the following statements which one is not true about over applied F.o.H
A. Less from cost of goods sold at normal
B. Less from entire production if required
C. Add in gross profit if required
D. Less from Net profit.
2 During period of rising material prices, ----------- method results in profit inflation
A. LIFO
B. FIFO
C. Weighted average
D. All of the above
3 Material are charged to production at actual cost under
A. Weighted average method
B. FIFO method
C. LIFO method
D. Both ii & iii
4 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
5 A property which is received by virtue of a will of a person after his death is known as
A. Legacy
B. Donation
C. Subscription
D. Gift
6 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
7 Which one is non-manufacturing costs?
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above
8 Depreciation is a loss due to wear and tear of an asset.
A. Correct
B. Incorrent
C. May be
D. None
9 Doubtful debts are shown on:
A. Profit side of statement of profit and loss
B. Liabilities side of balance sheet
C. Asset side of balance sheet
D. Not shown anywhere
10 How many of grace are given?
A. 5
B. 4
C. 3
D. 2

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