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

Which one is non-manufacturing costs?

Question # 2

Quick assets are

Question # 3

Spoiled goods cannot be

Question # 4

Cost which cannot be conveniently identified with individual cost unit is called

Question # 5

Difference in cost of alternative choices is called

Question # 6

Which one is not a functional classification?

Question # 7

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

Question # 8

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 9

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

Question # 10

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

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    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Outstanding expenses are also known as
A. Prepared expenses
B. Accrued expenses
C. Un-earned income
D. None
3 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
4 Office salaries are include in
A. Direct material cost
B. Indirect material cost
C. Factory overhead cost
D. Total payroll
5 Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is
A. 1800
B. 1900
C. 2000
D. 2200
6 In payroll include the remunerations of
A. Direct labour
B. Indirect labour
C. Both a & b
D. None of the above
7 What is accumulated depreciation?
A. Depreciation expense of the current year
B. Sum of all depreciations in different accounting year
C. Depreciations of previous accounting year
D. None
8 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
9 Provision of doubtful debts are also known as:
A. Allowances for uncollectable
B. Allowances for collectable
C. Bad debts
D. None
10 Endorsement is made:
A. For settlement of debts
B. For settlement of income
C. For settlement of profit
D. None

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