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

Start Test Download PDF

NAT II Management Science Finance & Accounting

00:00
Question # 1

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

Question # 2

Any written evidence of a business transaction is known as

Question # 3

The objective of financial accounting is to ascertain:

Question # 4

Realisation concept is the concept in which revenue is ------------ at the time when goods are sold or services rendered.

Question # 5

Rebate is the --------- in the amount of bill paid

Question # 6

Bin card is maintained by

Question # 7

During period of rising material prices, ----------- method results in profit inflation

Question # 8

Compound entry is an entry in which:

Question # 9

Which one of the following is not a negotiable instrument?

Question # 10

What are accrued expenses?

Submit

Prepare Complete Set Wise NAT II Management Science Finance & Accounting MCQs Online With Answers


Topic Test

00:00
Submit

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

  • M
    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
    Shahzad Abbasi 09 - Dec - 2021 10 Min 50 Sec 9/10
  • N
    NurAli Virani 07 - Oct - 2022 10 Min 50 Sec 8/10
  • K
    Khurrum Atta 20 - Sep - 2022 10 Min 50 Sec 8/10
  • H
    Haseeb ur Rehman 31 - Jul - 2022 06 Min 39 Sec 7/10
  • M
    M Hamza Baloch 15 - Jan - 2023 10 Min 50 Sec 7/10
  • M
    Muqadas Hussain 11 - Jan - 2023 10 Min 50 Sec 7/10
  • C
    Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10
  • B
    Bilal khan 18 - Jul - 2023 02 Min 19 Sec 6/10
  • M
    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
  • S
    Shahkar Afridi 29 - May - 2022 10 Min 50 Sec 6/10
  • M
    Mahnoor Awan 18 - May - 2022 10 Min 50 Sec 6/10
  • H
    Hadiqa Saeed 23 - Feb - 2022 10 Min 50 Sec 6/10

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

Sr.# Question Answer
1 Work in process opening and closing inventory includes:-
A. Arterial in process
B. Labour in process
C. F.o.H in process
D. All of the above
2 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
3 Section of the business to which cost can be charged is termed as
A. Cost driver
B. Cost center
C. Cost unit
D. All of above
4 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
5 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
6 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
7 In payroll include the remunerations of
A. Direct labour
B. Indirect labour
C. Both a & b
D. None of the above
8 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
9 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
10 The bills which are drawn and accepted against the sale and purchase of goods on credits are called
A. Trade bills
B. Bill of exchange
C. In-land bills
D. Foreign bills

Test Questions

Is this page helpful?

Share your comments & questions here

Guest

  • No comments yet. Be the first to comment!