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

The cost of holding the stock in storage is called

Question # 2

Section of the business to which cost can be charged is termed as

Question # 3

What is negotiable instrument?

Question # 4

Profit will be lower where prices are rising under

Question # 5

Work in process opening and closing inventory includes:-

Question # 6

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

Question # 7

Any written evidence of a business transaction is known as

Question # 8

Provision of doubtful debts are also known as:

Question # 9

Realisation concept is the concept in which revenue is ------------ at the time when goods are sold or services rendered.

Question # 10

Compound entry is an entry in which:

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 Tenor is the period of time ------------ which a bill becomes payable
A. Before
B. After
C. Both a and b
D. None
2 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
3 What are accrued expenses?
A. The expenses that have been incurred during current year and paid till the end of current year
B. The expenses that have been incurred previous year and paid in the current year
C. The expenses that have been incurred during current year and not paid till the end of current year
D. The expenses that have been incurred previous year and not paid till the end of current year
4 If spoiled goods are considered a normal part of production process than debit to
A. Work in process
B. General expense
C. F.o.H control
D. None of above
5 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
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 Loss which arises due to ----------- is known as abnormal loss
A. Breakage of goods
B. Leakage
C. Fire
D. Shrinkage
8 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
9 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
10 Excess of assets over liabilities is known as:
A. Capital fund
B. Accumulated fund
C. Surplus fund
D. All options are correct

Test Questions

Is this page helpful?