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

00:00
Question # 1

Endorsement is made:

Question # 2

Quick assets are

Question # 3

Which one of the following is not a negotiable instrument?

Question # 4

Excess of assets over liabilities is known as:

Question # 5

Section of the business to which cost can be charged is termed as

Question # 6

Depreciation expenditure is a

Question # 7

A credit purchases are:

Question # 8

The bills which are drawn and accepted against the sale and purchase of goods on credits are called

Question # 9

Purchase Requisition is sent to

Question # 10

Under perpetual inventory system stock taking is under taken at the

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

Sr.# Question Answer
1 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
2 Rebate is the --------- in the amount of bill paid
A. Premium
B. Increase
C. Expense
D. Concession
3 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
4 Which one is non-manufacturing costs?
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above
5 Debentures are
A. Fixed assets
B. Fixed liabilities
C. Capital
D. Prepaid expenses
6 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
7 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
8 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
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 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6

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