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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NAT II Management Science Finance & Accounting

00:00
Question # 1

What is amortization?

Question # 2

Bin card is maintained by

Question # 3

The cost flow must watch the

Question # 4

The stages of accounting cycle are

Question # 5

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

Question # 6

What is accounting period?

Question # 7

Assets which have to no market value are called

Question # 8

Which one is not include in factory overhead?

Question # 9

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

Question # 10

Quick assets are

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

Sr.# Question Answer
1 Depreciation is a loss due to wear and tear of an asset.
A. Correct
B. Incorrent
C. May be
D. None
2 The primary object of non-profit organizations is
A. Not to earn profit
B. Work for the welfare of society
C. Buy/sell goods
D. A and B but not C
3 The cost flow must match the
A. Output
B. Outflow
C. Inflow
D. Workflow
4 Difference in cost of alternative choices is called
A. Total costing
B. Differential costing
C. Full costing
D. Variable costing
5 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
6 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
7 What is amortization?
A. Decrease in the value of fixed assets
B. Decrease in the value of intangible assets
C. Increase in the value of fixed assets
D. Increase in the value of intangible assets
8 A person is said to be insolvent when his
A. Assets are sufficient
B. Assets are enough to pay his liabilities
C. Assets are not enough to pay his liabilities
D. None
9 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
10 Accounting is the
A. Art
B. Science
C. Both
D. None

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