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

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NAT II Management Science Finance & Accounting

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Question # 1

A person is said to be insolvent when his

Question # 2

Name the main accounts which are prepared in accounting?

Question # 3

Lead time is the time between the time on item reaches --------------- and ---------- of

Question # 4

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

Question # 5

Endorsement is made:

Question # 6

The primary objective of cost accounting is to

Question # 7

How many types of bank accounts are there?

Question # 8

How many types of inventories are in cost of goods sold statement?

Question # 9

What are bad debts?

Question # 10

Difference in cost of alternative choices is called

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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
  • 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
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    Khurrum Atta 20 - Sep - 2022 10 Min 50 Sec 8/10
  • H
    Haseeb ur Rehman 31 - Jul - 2022 06 Min 39 Sec 7/10
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    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
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    Bilal khan 18 - Jul - 2023 02 Min 19 Sec 6/10
  • M
    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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    Shahkar Afridi 29 - May - 2022 10 Min 50 Sec 6/10
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    Mahnoor Awan 18 - May - 2022 10 Min 50 Sec 6/10
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    Hadiqa Saeed 23 - Feb - 2022 10 Min 50 Sec 6/10

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

Sr.# Question Answer
1 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
2 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
3 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
4 The bills which are drawn and accepted against the sale and purchase of goods on credits are called
A. Trade bills
B. Bill of exchange
C. In-land bills
D. Foreign bills
5 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
6 Endorsement is made:
A. For settlement of debts
B. For settlement of income
C. For settlement of profit
D. None
7 Manufacturing concern cycle is ---------- than trading concern cycle:
A. Shorter
B. Greater
C. Medium
D. None of above
8 In job order costing system, each job is assigned a job cost
A. Unit
B. Center
C. Driver
D. Sheet
9 Cash or goods taken away by owner for personal use from business are known as:
A. Capital
B. Drawings
C. Revenue
D. Expense
10 Sales prices is calculated as follow:-
A. Cost + operating expense
B. Direct material + Direct labour + F.o.H
C. Cost + operating expenses + profit
D. None of above

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