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

Spoiled goods cannot be

Question # 2

Sales prices is calculated as follow:-

Question # 3

Bin card is maintained by

Question # 4

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

Question # 5

From the following statements which one is not true about over applied F.o.H

Question # 6

Depreciation expenditure is a

Question # 7

If spoiled goods are considered a normal part of production process than debit to

Question # 8

The cost flow must watch the

Question # 9

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

Question # 10

What is amortization?

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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
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    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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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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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Profit will be lower where prices are rising under
A. FIFO method
B. LIFO method
C. Weighted average method
D. All of the above
3 From the following statements which one is not true about over applied F.o.H
A. Less from cost of goods sold at normal
B. Less from entire production if required
C. Add in gross profit if required
D. Less from Net profit.
4 Work in process opening and closing inventory includes:-
A. Arterial in process
B. Labour in process
C. F.o.H in process
D. All of the above
5 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
6 Compound entry is an entry in which:
A. More than one account is debited
B. More than one account is credited
C. Both a and b are correct
D. None of the above
7 Bin card is maintained by
A. Purchase manager
B. Sales manager
C. Store keeper
D. Finance manager
8 Debentures are
A. Fixed assets
B. Fixed liabilities
C. Capital
D. Prepaid expenses
9 Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called
A. Future cost
B. Replacement cost
C. Imputed cost
D. Sunk cost
10 Historical cost which is irrecoverable in a given situation is called
A. Imputed cost
B. Standard cost
C. Opportunity cost
D. Sunk cost

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