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

Doubtful debts are shown on:

Question # 2

Loss which arises due to ----------- is known as abnormal loss

Question # 3

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 4

In payroll include the remunerations of

Question # 5

Accounting is the

Question # 6

Which one is not accounting convention?

Question # 7

Petty cash book is a book which record

Question # 8

Good received note is prepared by

Question # 9

Statement of a affairs is a sort of -----------

Question # 10

How many branches are there in accounting?

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

Sr.# Question Answer
1 Which one is not a functional classification?
A. Manufacturing cost
B. Marketing cost
C. Finance cost
D. Mixed cost
2 Manufacturing concern cycle is ---------- than trading concern cycle:
A. Shorter
B. Greater
C. Medium
D. None of above
3 The cost flow must watch the
A. Output
B. Outflow
C. Inflow
D. Workflow
4 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
5 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
6 In job order costing system, each job is assigned a job cost
A. Unit
B. Center
C. Driver
D. Sheet
7 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
8 Variable cost and fixed cost have been treated as product cost in
A. Absorption costing
B. Direct costing
C. Full costing
D. All of above
9 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
10 Which one is non-manufacturing costs?
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above

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