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

Doubtful debt are:

Question # 2

In payroll include the remunerations of

Question # 3

Historical cost which is irrecoverable in a given situation is called

Question # 4

Petty cash book is a book which record

Question # 5

Which one is not a functional classification?

Question # 6

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

Question # 7

Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is

Question # 8

What is amortization?

Question # 9

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

Question # 10

Depreciation expenditure is a

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    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Rebate is the --------- in the amount of bill paid
A. Premium
B. Increase
C. Expense
D. Concession
2 Costs whose consumption may be identified with specific production units in called
A. Direct labour cost
B. Indirect labour cost
C. Direct material cost
D. Indirect material cost
3 Work in process opening and closing inventory includes:-
A. Arterial in process
B. Labour in process
C. F.o.H in process
D. All of the above
4 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
5 Historical cost which is irrecoverable in a given situation is called
A. Imputed cost
B. Standard cost
C. Opportunity cost
D. Sunk cost
6 Accounts which are related with properties are known as
A. Real accounts
B. Nominal accounts
C. Property accounts
D. A and C are correct Accounting principles:
7 Cost which is calculated before manufacture operation is called
A. Sunk cost
B. Mixed cost
C. Standard cost
D. None of above
8 The price at which assets will be sold at the end of its useful life is known as:
A. Scrap value
B. Residual value
C. Written down value
D. All of the above
9 Difference in cost of alternative choices is called
A. Total costing
B. Differential costing
C. Full costing
D. Variable costing
10 Excess of assets over liabilities is known as:
A. Capital fund
B. Accumulated fund
C. Surplus fund
D. All options are correct

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