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

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NAT II Management Science Finance & Accounting

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Question # 1

Good received note is prepared by

Question # 2

Name the main accounts which are prepared in accounting?

Question # 3

Which one of the following is not a negotiable instrument?

Question # 4

The objective of financial accounting is to ascertain:

Question # 5

In operating expense includes

Question # 6

If applied factory overhead is less than actual factory overhead, it is called

Question # 7

Quick assets are

Question # 8

The stages of accounting cycle are

Question # 9

A property which is received by virtue of a will of a person after his death is known as

Question # 10

What are bad debts?

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    Maya Kumari 08 - Jun - 2022 00 Min 39 Sec 10/10
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    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
2 Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called
A. Future cost
B. Replacement cost
C. Imputed cost
D. Sunk cost
3 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
4 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
5 The cost flow must match the
A. Output
B. Outflow
C. Inflow
D. Workflow
6 Accounting is the
A. Art
B. Science
C. Both
D. None
7 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
8 Quick assets are
A. Cash in hand
B. Cash at bank
C. Debtors
D. All of the above
9 Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is
A. 1800
B. 1900
C. 2000
D. 2200
10 The stages of accounting cycle are
A. Transaction-ledger-journal-trial balance-final accounts
B. Transaction-journal-ledger-trial balance-final accounts
C. Transaction-journal-trial balance-ledger-final accounts
D. Transaction-journal-ledger-final accounts-trial balance

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