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

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Question # 1

How many types of bank accounts are there?

Question # 2

Endorsement is made:

Question # 3

The stages of accounting cycle are

Question # 4

Tenor is the period of time ------------ which a bill becomes payable

Question # 5

Which one is not a classification according to the accounting period?

Question # 6

Material are charged to production at actual cost under

Question # 7

The primary object of non-profit organizations is

Question # 8

Difference in cost of alternative choices is called

Question # 9

In payroll include the remunerations of

Question # 10

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

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

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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 Deferred liabilities are debts which are repayable less than ----------
A. One month
B. Six month
C. One year
D. None
2 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
3 According to possible for an event or transaction which is not measurable in terms of money
A. True
B. False
C. May be
D. None
4 Difference in cost of alternative choices is called
A. Total costing
B. Differential costing
C. Full costing
D. Variable costing
5 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
6 A--------------- is an account in which those transaction are entered which cannot be placed to their accounts
A. Nominal account
B. Suspense account
C. Personal account
D. Debtor account
7 In job order costing system, each job is assigned a job cost
A. Unit
B. Center
C. Driver
D. Sheet
8 Name the main accounts which are prepared in accounting?
A. Assets, liabilities, income and expenses
B. Assets, liabilities, income and revenue
C. Assets, owner's equity, income and expenses
D. Assets, liabilities and expenses
9 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
10 Office salaries are include in
A. Direct material cost
B. Indirect material cost
C. Factory overhead cost
D. Total payroll

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