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	Bin card is maintained by	A. Purchase manager B. Sales manager C. Store keeper D. Finance manager
2	Deferred liabilities are debts which are repayable less than ----------	A. One month B. Six month C. One year D. None
3	What is negotiable instrument?	A. A document which is not transferable B. A document which is transferable C. A document which is accepted 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	Cost which is calculated before manufacture operation is called	A. Sunk cost B. Mixed cost C. Standard cost D. None of above
6	The cost flow must watch the	A. Output B. Outflow C. Inflow D. Workflow
7	Profit will be lower where prices are rising under	A. FIFO method B. LIFO method C. Weighted average method D. All of the above
8	Trading account shows ----------- result.	A. Net B. Gross C. Profit D. Loss
9	Per Unit cost is calculated by dividing the cost of goods sold by	A. The number of units sold B. The number of units purchase C. The number of units manufactured D. All of the above
10	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