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

MCQ's Test For NAT II Management Science Finance & Accounting

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NAT II Management Science Finance & Accounting

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Question # 1

Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is

Question # 2

Bin card is maintained by

Question # 3

The cost of holding the stock in storage is called

Question # 4

Quick assets are

Question # 5

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

Question # 6

Cost which is calculated before manufacture operation is called

Question # 7

The technique and process of ascertaining cost is termed as

Question # 8

Material are charged to production at actual cost under

Question # 9

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

Question # 10

Office salaries are include in

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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
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    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Endorsement is made:
A. For settlement of debts
B. For settlement of income
C. For settlement of profit
D. None
3 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
4 Which one is not a classification according to the accounting period?
A. Capital expenditure
B. Revenue expenditure
C. Product cost
D. Administrative cost
5 Goodwill is ----------- for company.
A. Intangible asset
B. Fixed asset
C. Current asset
D. Quick asset
6 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
7 Accounting is the
A. Art
B. Science
C. Both
D. None
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 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
10 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6

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