NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Finance & Accounting

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  • Total Questions10

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NAT II Management Science Finance & Accounting

00:00
Question # 1

From the following statements which one is not true about over applied F.o.H

Question # 2

Historical cost which is irrecoverable in a given situation is called

Question # 3

Endorsement is made:

Question # 4

Which one of the following is not a negotiable instrument?

Question # 5

Good received note is prepared by

Question # 6

Bin card is maintained by

Question # 7

Petty cash book is a book which record

Question # 8

Which one is not a functional classification?

Question # 9

If spoiled goods are considered a normal part of production process than debit to

Question # 10

Accounting is the

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

Sr.# Question Answer
1 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
2 Trading account shows ----------- result.
A. Net
B. Gross
C. Profit
D. Loss
3 What are bad debts?
A. Debts which are irrecoverable from the debtors
B. Debts which are recoverable from the debtors
C. Debts which are irrecoverable from the creditors
D. Debts which are recoverable from the creditors
4 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
5 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
6 Which one is non-manufacturing costs?
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above
7 The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.
A. General ledger
B. Head office ledger
C. Factory ledger
D. None of these
8 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
9 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
10 Doubtful debt are:
A. Definite loss to the business
B. Definite profit to the business
C. Expected loss to the business
D. Expected profit to the business

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