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

Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

Sr.#	Question	Answer
1	Outstanding expenses are also known as	A. Prepared expenses B. Accrued expenses C. Un-earned income D. None
2	Tenor is the period of time ------------ which a bill becomes payable	A. Before B. After C. Both a and b D. None
3	How many types of bank accounts are there?	A. 4 B. 3 C. 5 D. 6
4	The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.	A. General ledger B. Head office ledger C. Factory ledger D. None of these
5	Cost which is calculated before manufacture operation is called	A. Sunk cost B. Mixed cost C. Standard cost D. None of above
6	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
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	Purchase Requisition is sent to	A. Accounts department B. Purchase department C. Finance department D. None of above
9	The primary object of non-profit organizations is	A. Not to earn profit B. Work for the welfare of society C. Buy/sell goods D. A and B but not C
10	In payroll include the remunerations of	A. Direct labour B. Indirect labour C. Both a & b D. None of the above