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

00:00
Question # 1

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

Question # 2

Doubtful debt are:

Question # 3

Which one is not a classification according to the accounting period?

Question # 4

Debentures are

Question # 5

How many types of bank accounts are there?

Question # 6

What are accrued expenses?

Question # 7

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 8

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

Question # 9

A credit purchases are:

Question # 10

Which one is non-manufacturing costs?

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

Sr.# Question Answer
1 Tenor is the period of time ------------ which a bill becomes payable
A. Before
B. After
C. Both a and b
D. None
2 Rebate is the --------- in the amount of bill paid
A. Premium
B. Increase
C. Expense
D. Concession
3 Bin card is maintained by
A. Purchase manager
B. Sales manager
C. Store keeper
D. Finance manager
4 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
5 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
6 What are bad debts?
A. Debts which are irrecoverable from the debtors
B. Debts which are recoverable from the debtors
C. Debts which are irrecoverable from the creditors
D. Debts which are recoverable from the creditors
7 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
8 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
9 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
10 Which one is non-manufacturing costs?
A. Direct material cost
B. Labour cost
C. Research and development cost
D. All of above

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