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

The cost of holding the stock in storage is called

Question # 2

Which one is not include in factory overhead?

Question # 3

A--------------- is an account in which those transaction are entered which cannot be placed to their accounts

Question # 4

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

Question # 5

A person is said to be insolvent when his

Question # 6

Accounts which are related with properties are known as

Question # 7

The bills which are drawn and accepted against the sale and purchase of goods on credits are called

Question # 8

Under perpetual inventory system stock taking is under taken at the

Question # 9

How many branches are there in accounting?

Question # 10

Offsetting expenses against revenue is the concept of:

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

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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 include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
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 How many of grace are given?
A. 5
B. 4
C. 3
D. 2
4 Purchase Requisition is sent to
A. Accounts department
B. Purchase department
C. Finance department
D. None of above
5 Treble column cash book has three columns of:
A. Cash, bank and discount
B. Income, expense and bank
C. Cash, bank and profit or loss
D. None
6 Assets which have to no market value are called
A. Fictitious assets
B. Liquid assets
C. Intangible assets
D. Real assets
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 Costs whose consumption may be identified with specific production units in called
A. Direct labour cost
B. Indirect labour cost
C. Direct material cost
D. Indirect material cost
9 A credit purchases are:
A. If goods purchased and payment made at the same time
B. If goods purchased and payment not made at the same time
C. If goods sold and payment receive at the same time
D. If goods sold and payment not receive at the same time
10 Realisation concept is the concept in which revenue is ------------ at the time when goods are sold or services rendered.
A. Recognized
B. Not recognized
C. Paid
D. Received

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