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

Start Test Download PDF

NAT II Management Science Finance & Accounting

00:00
Question # 1

Cost which is calculated before manufacture operation is called

Question # 2

Manufacturing concern cycle is ---------- than trading concern cycle:

Question # 3

A cost whose magnitude will be affected by decision being made is called

Question # 4

Outstanding expenses are also known as

Question # 5

How many types of inventories are in cost of goods sold statement?

Question # 6

According to possible for an event or transaction which is not measurable in terms of money

Question # 7

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

Question # 8

In job order costing system, each job is assigned a job cost

Question # 9

How many branches are there in accounting?

Question # 10

Name the main accounts which are prepared in accounting?

Submit

Prepare Complete Set Wise NAT II Management Science Finance & Accounting MCQs Online With Answers


Topic Test

00:00
Submit

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

  • M
    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
  • S
    Shahzad Abbasi 09 - Dec - 2021 10 Min 50 Sec 9/10
  • N
    NurAli Virani 07 - Oct - 2022 10 Min 50 Sec 8/10
  • K
    Khurrum Atta 20 - Sep - 2022 10 Min 50 Sec 8/10
  • H
    Haseeb ur Rehman 31 - Jul - 2022 06 Min 39 Sec 7/10
  • M
    M Hamza Baloch 15 - Jan - 2023 10 Min 50 Sec 7/10
  • M
    Muqadas Hussain 11 - Jan - 2023 10 Min 50 Sec 7/10
  • C
    Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10
  • B
    Bilal khan 18 - Jul - 2023 02 Min 19 Sec 6/10
  • M
    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
  • S
    Shahkar Afridi 29 - May - 2022 10 Min 50 Sec 6/10
  • M
    Mahnoor Awan 18 - May - 2022 10 Min 50 Sec 6/10
  • H
    Hadiqa Saeed 23 - Feb - 2022 10 Min 50 Sec 6/10

NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Sales prices is calculated as follow:-
A. Cost + operating expense
B. Direct material + Direct labour + F.o.H
C. Cost + operating expenses + profit
D. None of above
2 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.
3 Cash or goods taken away by owner for personal use from business are known as:
A. Capital
B. Drawings
C. Revenue
D. Expense
4 Profit will be lower where prices are rising under
A. FIFO method
B. LIFO method
C. Weighted average method
D. All of the above
5 Cost which cannot be conveniently identified with individual cost unit is called
A. Direct material cost
B. Indirect material cost
C. Indirect labour cost
D. Caring cost
6 Material are charged to production at actual cost under
A. Weighted average method
B. FIFO method
C. LIFO method
D. Both ii & iii
7 If spoiled good are considered as abnormal part of production process then debited to
A. Work in process
B. General expense
C. F-o-H control
D. None of above
8 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
9 What is accounting period?
A. It is a time for which business prepares its financial statements
B. It is time for which business prepares its profit and loss statement
C. It is a time for which business prepares its balance sheet
D. None
10 A credit purchases are:
A. If goods purchased and payment made at the same time
B. If goods purchased and payment not made at the same time
C. If goods sold and payment receive at the same time
D. If goods sold and payment not receive at the same time

Test Questions

Is this page helpful?