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

Spoiled goods cannot be

Question # 2

Cash or goods taken away by owner for personal use from business are known as:

Question # 3

The primary objective of cost accounting is to

Question # 4

Accounts which are related with properties are known as

Question # 5

Depreciation expenditure is a

Question # 6

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 7

In job order costing system, each job is assigned a job cost

Question # 8

In payroll include the remunerations of

Question # 9

Good received note is prepared by

Question # 10

Outstanding expenses are also known as

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Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

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    Maya Kumari 08 - Jun - 2022 00 Min 39 Sec 10/10
  • M
    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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    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 The cost of holding the stock in storage is called
A. Ordering cost
B. Material cost
C. Caring cost
D. All of the above
2 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
3 A--------------- is an account in which those transaction are entered which cannot be placed to their accounts
A. Nominal account
B. Suspense account
C. Personal account
D. Debtor account
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 Tenor is the period of time ------------ which a bill becomes payable
A. Before
B. After
C. Both a and b
D. None
6 Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is
A. 1800
B. 1900
C. 2000
D. 2200
7 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
8 Offsetting expenses against revenue is the concept of:
A. Realization
B. Dual aspect
C. Matching
D. Conventions
9 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
10 Trading account shows ----------- result.
A. Net
B. Gross
C. Profit
D. Loss

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