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

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NAT II Management Science Finance & Accounting

00:00
Question # 1

Doubtful debts are shown on:

Question # 2

Per Unit cost is calculated by dividing the cost of goods sold by

Question # 3

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

Question # 4

Spoiled goods cannot be

Question # 5

Dishonor of the bill occurs when:

Question # 6

The primary object of non-profit organizations is

Question # 7

Doubtful debt are:

Question # 8

Name the main accounts which are prepared in accounting?

Question # 9

During period of rising material prices, ----------- method results in profit inflation

Question # 10

Treble column cash book has three columns of:

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    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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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 Which one is not a classification according to the accounting period?
A. Capital expenditure
B. Revenue expenditure
C. Product cost
D. Administrative cost
2 Which one is not a functional classification?
A. Manufacturing cost
B. Marketing cost
C. Finance cost
D. Mixed cost
3 Variable cost and fixed cost have been treated as product cost in
A. Absorption costing
B. Direct costing
C. Full costing
D. All of above
4 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
5 Tenor is the period of time ------------ which a bill becomes payable
A. Before
B. After
C. Both a and b
D. None
6 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
7 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
8 What is negotiable instrument?
A. A document which is not transferable
B. A document which is transferable
C. A document which is accepted
D. None
9 Provision of doubtful debts are also known as:
A. Allowances for uncollectable
B. Allowances for collectable
C. Bad debts
D. None
10 How many of grace are given?
A. 5
B. 4
C. 3
D. 2

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