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MCQ's Test For NAT II Management Science Finance & Accounting
Try The MCQ's Test For NAT II Management Science Finance & Accounting
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Total Questions10
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Time Allowed15
NAT II Management Science Finance & Accounting
00:00
Question # 1
Goodwill is ----------- for company.
Question # 2
Section of the business to which cost can be charged is termed as
Question # 3
What is negotiable instrument?
Question # 4
Manufacturing concern cycle is ---------- than trading concern cycle:
Question # 5
Difference in cost of alternative choices is called
Question # 6
How many branches are there in accounting?
Question # 7
Under perpetual inventory system stock taking is under taken at the
Question # 8
Which one is not a functional classification?
Question # 9
How many types of inventories are in cost of goods sold statement?
Question # 10
If spoiled goods are considered a normal part of production process than debit to
Prepare Complete Set Wise NAT II Management Science Finance & Accounting MCQs Online With Answers
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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 -
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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 -
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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 | Spoiled goods cannot be |
A. Sold without repairing
B. Repair and sold as damaged goods
C. Both A and B
D. None of above
|
| 2 | Sales prices is calculated as follow:- |
A. Cost + operating expense
B. Direct material + Direct labour + F.o.H
C. Cost + operating expenses + profit
D. None of above
|
| 3 | A property which is received by virtue of a will of a person after his death is known as |
A. Legacy
B. Donation
C. Subscription
D. Gift
|
| 4 | Which one is non-manufacturing costs? |
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above
|
| 5 | 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
|
| 6 | Deferred liabilities are debts which are repayable less than ---------- |
A. One month
B. Six month
C. One year
D. None
|
| 7 | Material are charged to production at actual cost under |
A. Weighted average method
B. FIFO method
C. LIFO method
D. Both ii & iii
|
| 8 | 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
|
| 9 | Loss which arises due to ----------- is known as abnormal loss |
A. Breakage of goods
B. Leakage
C. Fire
D. Shrinkage
|
| 10 | What are accrued expenses? |
A. The expenses that have been incurred during current year and paid till the end of current year
B. The expenses that have been incurred previous year and paid in the current year
C. The expenses that have been incurred during current year and not paid till the end of current year
D. The expenses that have been incurred previous year and not paid till the end of current year
|
Test Questions