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

How many of grace are given?

Question # 2

Goodwill is ----------- for company.

Question # 3

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

Question # 4

Cost which is calculated before manufacture operation is called

Question # 5

Good received note is prepared by

Question # 6

Debentures are

Question # 7

According to possible for an event or transaction which is not measurable in terms of money

Question # 8

Section of the business to which cost can be charged is termed as

Question # 9

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

Question # 10

In payroll include the remunerations of

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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 A property which is received by virtue of a will of a person after his death is known as
A. Legacy
B. Donation
C. Subscription
D. Gift
4 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
5 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
6 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
7 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
8 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
9 According to possible for an event or transaction which is not measurable in terms of money
A. True
B. False
C. May be
D. None
10 What is accounting period?
A. It is a time for which business prepares its financial statements
B. It is time for which business prepares its profit and loss statement
C. It is a time for which business prepares its balance sheet
D. None

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