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

Accounts which are related with properties are known as

Question # 2

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

Question # 3

The primary objective of cost accounting is to

Question # 4

A cost whose magnitude will be affected by decision being made is called

Question # 5

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

Question # 6

The cost of holding the stock in storage is called

Question # 7

If spoiled good are considered as abnormal part of production process then debited to

Question # 8

Which one is not include in factory overhead?

Question # 9

Sales prices is calculated as follow:-

Question # 10

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

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

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  • M
    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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    Chiragh uddin 19 - Sep - 2021 02 Min 07 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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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Accounting is the
A. Art
B. Science
C. Both
D. None
2 If spoiled goods are considered a normal part of production process than debit to
A. Work in process
B. General expense
C. F.o.H control
D. None of above
3 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
4 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
5 Manufacturing concern cycle is ---------- than trading concern cycle:
A. Shorter
B. Greater
C. Medium
D. None of above
6 Quick assets are
A. Cash in hand
B. Cash at bank
C. Debtors
D. All of the above
7 Bin card is maintained by
A. Purchase manager
B. Sales manager
C. Store keeper
D. Finance manager
8 Accounts which are related with properties are known as
A. Real accounts
B. Nominal accounts
C. Property accounts
D. A and C are correct Accounting principles:
9 Work in process opening and closing inventory includes:-
A. Arterial in process
B. Labour in process
C. F.o.H in process
D. All of the above
10 Good received note is prepared by
A. Purchase department
B. Sales department
C. Receiving department
D. All of the above

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