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

00:00
Question # 1

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

Question # 2

Which ratio tells how many times in a year stock is used up and replaced?

Question # 3

Difference in cost of alternative choices is called

Question # 4

Which one is not accounting convention?

Question # 5

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

Question # 6

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

Question # 7

The cost flow must watch the

Question # 8

Outstanding expenses are also known as

Question # 9

Tenor is the period of time ------------ which a bill becomes payable

Question # 10

What is negotiable instrument?

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Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

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    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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    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Depreciation is a loss due to wear and tear of an asset.
A. Correct
B. Incorrent
C. May be
D. None
2 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
3 Which one is not accounting convention?
A. Materiality
B. Full disclosure
C. Consistency
D. Going concern
4 Rebate is the --------- in the amount of bill paid
A. Premium
B. Increase
C. Expense
D. Concession
5 Which one is not a functional classification?
A. Manufacturing cost
B. Marketing cost
C. Finance cost
D. Mixed cost
6 Good received note is prepared by
A. Purchase department
B. Sales department
C. Receiving department
D. All of the above
7 A person is said to be insolvent when his
A. Assets are sufficient
B. Assets are enough to pay his liabilities
C. Assets are not enough to pay his liabilities
D. None
8 The objective of financial accounting is to ascertain:
A. True results of profit
B. True results of loss
C. True results of profit or loss
D. None
9 Trading account shows ----------- result.
A. Net
B. Gross
C. Profit
D. Loss
10 The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.
A. General ledger
B. Head office ledger
C. Factory ledger
D. None of these

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