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

00:00
Question # 1

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

Question # 2

If spoiled good are considered as abnormal part of production process then debited to

Question # 3

Historical cost which is irrecoverable in a given situation is called

Question # 4

In bill of exchange, the party who accepts a bill is known as:

Question # 5

If applied factory overhead is less than actual factory overhead, it is called

Question # 6

The cost of holding the stock in storage is called

Question # 7

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

Question # 8

A credit purchases are:

Question # 9

In payroll include the remunerations of

Question # 10

The objective of financial accounting is to ascertain:

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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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    Haseeb ur Rehman 31 - Jul - 2022 06 Min 39 Sec 7/10
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    Muqadas Hussain 11 - Jan - 2023 10 Min 50 Sec 7/10
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    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
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    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 Outstanding expenses are also known as
A. Prepared expenses
B. Accrued expenses
C. Un-earned income
D. None
2 Offsetting expenses against revenue is the concept of:
A. Realization
B. Dual aspect
C. Matching
D. Conventions
3 The cost flow must match the
A. Output
B. Outflow
C. Inflow
D. Workflow
4 Endorsement is made:
A. For settlement of debts
B. For settlement of income
C. For settlement of profit
D. None
5 Quick assets are
A. Cash in hand
B. Cash at bank
C. Debtors
D. All of the above
6 How many of grace are given?
A. 5
B. 4
C. 3
D. 2
7 Which one is not accounting convention?
A. Materiality
B. Full disclosure
C. Consistency
D. Going concern
8 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
9 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
10 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments

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