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

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NAT II Management Science Finance & Accounting

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Question # 1

Material are charged to production at actual cost under

Question # 2

Endorsement is made:

Question # 3

What is accumulated depreciation?

Question # 4

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 5

A person is said to be insolvent when his

Question # 6

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

Question # 7

Good received note is prepared by

Question # 8

The stages of accounting cycle are

Question # 9

What is accounting period?

Question # 10

Accounts which are related with properties are known as

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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
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    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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    Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10
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    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Compound entry is an entry in which:
A. More than one account is debited
B. More than one account is credited
C. Both a and b are correct
D. None of the above
2 Spoiled goods cannot be
A. Sold without repairing
B. Repair and sold as damaged goods
C. Both A and B
D. None of above
3 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
4 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
5 In bill of exchange, the party who accepts a bill is known as:
A. Drawer
B. Drawee
C. Payee
D. Third party
6 Deferred liabilities are debts which are repayable less than ----------
A. One month
B. Six month
C. One year
D. None
7 Goodwill is ----------- for company.
A. Intangible asset
B. Fixed asset
C. Current asset
D. Quick asset
8 What is negotiable instrument?
A. A document which is not transferable
B. A document which is transferable
C. A document which is accepted
D. None
9 Statement of a affairs is a sort of -----------
A. Profit and loss statement
B. Nominal account
C. Statement of changes in equity
D. Balance sheet
10 Good received note is prepared by
A. Purchase department
B. Sales department
C. Receiving department
D. All of the above

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