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

Debentures are

Question # 2

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

Question # 3

Treble column cash book has three columns of:

Question # 4

Outstanding expenses are also known as

Question # 5

Under perpetual inventory system stock taking is under taken at the

Question # 6

In job order costing system, each job is assigned a job cost

Question # 7

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

Question # 8

Doubtful debts are shown on:

Question # 9

The cost flow must match the

Question # 10

Material are charged to production at actual cost under

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

Sr.# Question Answer
1 What is negotiable instrument?
A. A document which is not transferable
B. A document which is transferable
C. A document which is accepted
D. None
2 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
3 Which one is non-manufacturing costs?
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above
4 Name the main accounts which are prepared in accounting?
A. Assets, liabilities, income and expenses
B. Assets, liabilities, income and revenue
C. Assets, owner's equity, income and expenses
D. Assets, liabilities and expenses
5 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
6 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
7 A--------------- is an account in which those transaction are entered which cannot be placed to their accounts
A. Nominal account
B. Suspense account
C. Personal account
D. Debtor account
8 Depreciation is a loss due to wear and tear of an asset.
A. Correct
B. Incorrent
C. May be
D. None
9 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
10 Goodwill is ----------- for company.
A. Intangible asset
B. Fixed asset
C. Current asset
D. Quick asset

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