NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

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

Sr.#	Question	Answer
1	The technique and process of ascertaining cost is termed as	A. Costing B. Cost accounting C. Calculation of cost D. Controlling cost
2	Cost which cannot be conveniently identified with individual cost unit is called	A. Direct material cost B. Indirect material cost C. Indirect labour cost D. Caring cost
3	Manufacturing concern cycle is ---------- than trading concern cycle:	A. Shorter B. Greater C. Medium D. None of above
4	Realisation concept is the concept in which revenue is ------------ at the time when goods are sold or services rendered.	A. Recognized B. Not recognized C. Paid D. Received
5	Historical cost which is irrecoverable in a given situation is called	A. Imputed cost B. Standard cost C. Opportunity cost D. Sunk cost
6	How many of grace are given?	A. 5 B. 4 C. 3 D. 2
7	Bin card is maintained by	A. Purchase manager B. Sales manager C. Store keeper D. Finance manager
8	Tenor is the period of time ------------ which a bill becomes payable	A. Before B. After C. Both a and b D. None
9	Outstanding expenses are also known as	A. Prepared expenses B. Accrued expenses C. Un-earned income D. None
10	What are bad debts?	A. Debts which are irrecoverable from the debtors B. Debts which are recoverable from the debtors C. Debts which are irrecoverable from the creditors D. Debts which are recoverable from the creditors