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

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NAT II Management Science Finance & Accounting

00:00
Question # 1

Depreciation expenditure is a

Question # 2

Any written evidence of a business transaction is known as

Question # 3

Debentures are

Question # 4

Per Unit cost is calculated by dividing the cost of goods sold by

Question # 5

Statement of a affairs is a sort of -----------

Question # 6

The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.

Question # 7

Which one is non-manufacturing costs?

Question # 8

Cost which is calculated before manufacture operation is called

Question # 9

Costs whose consumption may be identified with specific production units in called

Question # 10

Variable cost and fixed cost have been treated as product cost in

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

Sr.# Question Answer
1 In bill of exchange, the party who accepts a bill is known as:
A. Drawer
B. Drawee
C. Payee
D. Third party
2 The price at which assets will be sold at the end of its useful life is known as:
A. Scrap value
B. Residual value
C. Written down value
D. All of the above
3 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
4 Debentures are
A. Fixed assets
B. Fixed liabilities
C. Capital
D. Prepaid expenses
5 Doubtful debts are shown on:
A. Profit side of statement of profit and loss
B. Liabilities side of balance sheet
C. Asset side of balance sheet
D. Not shown anywhere
6 Lead time is the time between the time on item reaches --------------- and ---------- of
A. Order level, dispatch of material
B. Order level, maximum level
C. Maximum level, minimum level
D. Order level, actual receipt
7 If applied factory overhead is less than actual factory overhead, it is called
A. Applied F.o.H
B. Over applied F.o.H
C. Under-applied F.o.H
D. None of above
8 The cost flow must watch the
A. Output
B. Outflow
C. Inflow
D. Workflow
9 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
10 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant

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