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	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
2	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
3	Dishonor of the bill occurs when:	A. The drawer refuse to pay B. The acceptor refuses to meet the bill on due date C. The endorsee accepts to meet the bill D. None
4	Office salaries are include in	A. Direct material cost B. Indirect material cost C. Factory overhead cost D. Total payroll
5	Offsetting expenses against revenue is the concept of:	A. Realization B. Dual aspect C. Matching D. Conventions
6	Trading account shows ----------- result.	A. Net B. Gross C. Profit D. Loss
7	The cost of holding the stock in storage is called	A. Ordering cost B. Material cost C. Caring cost D. All of the above
8	Section of the business to which cost can be charged is termed as	A. Cost driver B. Cost center C. Cost unit D. All of above
9	Excess of assets over liabilities is known as:	A. Capital fund B. Accumulated fund C. Surplus fund D. All options are correct
10	Outstanding expenses are also known as	A. Prepared expenses B. Accrued expenses C. Un-earned income D. None