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

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Question # 1

Bin card is maintained by

Question # 2

The technique and process of ascertaining cost is termed as

Question # 3

The price at which assets will be sold at the end of its useful life is known as:

Question # 4

How many of grace are given?

Question # 5

Tenor is the period of time ------------ which a bill becomes payable

Question # 6

How many branches are there in accounting?

Question # 7

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

Question # 8

Treble column cash book has three columns of:

Question # 9

The cost flow must match the

Question # 10

Cash or goods taken away by owner for personal use from business are known as:

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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
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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 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
2 Good received note is prepared by
A. Purchase department
B. Sales department
C. Receiving department
D. All of the above
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 A person is said to be insolvent when his
A. Assets are sufficient
B. Assets are enough to pay his liabilities
C. Assets are not enough to pay his liabilities
D. None
5 In bill of exchange, the party who accepts a bill is known as:
A. Drawer
B. Drawee
C. Payee
D. Third party
6 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
7 Which one of the following is not a negotiable instrument?
A. Cheque
B. Promissory note
C. Bill of exchange
D. None of the above
8 Rebate is the --------- in the amount of bill paid
A. Premium
B. Increase
C. Expense
D. Concession
9 Profit will be lower where prices are rising under
A. FIFO method
B. LIFO method
C. Weighted average method
D. All of the above
10 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

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