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

NAT II Management Science Finance & Accounting

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Question # 1

Good received note is prepared by

Question # 2

Provision of doubtful debts are also known as:

Question # 3

The primary object of non-profit organizations is

Question # 4

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

Question # 5

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

Question # 6

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

Question # 7

If spoiled goods are considered a normal part of production process than debit to

Question # 8

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

Question # 9

What is amortization?

Question # 10

Per Unit cost is calculated by dividing the cost of goods sold by

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


Topic Test

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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 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
2 Debentures are
A. Fixed assets
B. Fixed liabilities
C. Capital
D. Prepaid expenses
3 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
4 Offsetting expenses against revenue is the concept of:
A. Realization
B. Dual aspect
C. Matching
D. Conventions
5 Per Unit cost is calculated by dividing the cost of goods sold by
A. The number of units sold
B. The number of units purchase
C. The number of units manufactured
D. All of the above
6 Lead time is the time between the time on item reaches --------------- and ---------- of
A. Order level, dispatch of material
B. Order level, maximum level
C. Maximum level, minimum level
D. Order level, actual receipt
7 During period of rising material prices, ----------- method results in profit inflation
A. LIFO
B. FIFO
C. Weighted average
D. All of the above
8 Statement of a affairs is a sort of -----------
A. Profit and loss statement
B. Nominal account
C. Statement of changes in equity
D. Balance sheet
9 Assets which have to no market value are called
A. Fictitious assets
B. Liquid assets
C. Intangible assets
D. Real assets
10 Good received note is prepared by
A. Purchase department
B. Sales department
C. Receiving department
D. All of the above

Test Questions

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