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

Provision of doubtful debts are also known as:

Question # 2

Accounts which are related with properties are known as

Question # 3

The objective of financial accounting is to ascertain:

Question # 4

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

Question # 5

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

Question # 6

Which one of the following is not a negotiable instrument?

Question # 7

Trading account shows ----------- result.

Question # 8

The cost of holding the stock in storage is called

Question # 9

Bin card is maintained by

Question # 10

Excess of assets over liabilities is known as:

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

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

Sr.# Question Answer
1 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
2 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
3 Variable cost and fixed cost have been treated as product cost in
A. Absorption costing
B. Direct costing
C. Full costing
D. All of above
4 Which ratio tells how many times in a year stock is used up and replaced?
A. Gross profit ratio
B. Net profit ratio
C. Cost ratio
D. None of these
5 Rebate is the --------- in the amount of bill paid
A. Premium
B. Increase
C. Expense
D. Concession
6 Outstanding expenses are also known as
A. Prepared expenses
B. Accrued expenses
C. Un-earned income
D. None
7 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
8 Treble column cash book has three columns of:
A. Cash, bank and discount
B. Income, expense and bank
C. Cash, bank and profit or loss
D. None
9 The technique and process of ascertaining cost is termed as
A. Costing
B. Cost accounting
C. Calculation of cost
D. Controlling cost
10 Which one of the following is not a negotiable instrument?
A. Cheque
B. Promissory note
C. Bill of exchange
D. None of the above

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