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

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

Question # 2

What is negotiable instrument?

Question # 3

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

Question # 4

The cost of holding the stock in storage is called

Question # 5

Assets which have to no market value are called

Question # 6

Profit will be lower where prices are rising under

Question # 7

Name the main accounts which are prepared in accounting?

Question # 8

Which one is not include in factory overhead?

Question # 9

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

Question # 10

A cost whose magnitude will be affected by decision being made is called

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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
  • W
    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
  • S
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  • N
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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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    Mahnoor Awan 18 - May - 2022 10 Min 50 Sec 6/10
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    Hadiqa Saeed 23 - Feb - 2022 10 Min 50 Sec 6/10

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

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 Spoiled goods cannot be
A. Sold without repairing
B. Repair and sold as damaged goods
C. Both A and B
D. None of above
3 Treble column cash book has three columns of:
A. Cash, bank and discount
B. Income, expense and bank
C. Cash, bank and profit or loss
D. None
4 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
5 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
6 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
7 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
8 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
9 In payroll include the remunerations of
A. Direct labour
B. Indirect labour
C. Both a & b
D. None of the above
10 Purchase Requisition is sent to
A. Accounts department
B. Purchase department
C. Finance department
D. None of above

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