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	Trading account shows ----------- result.	A. Net B. Gross C. Profit D. Loss
2	Which one is non-manufacturing costs?	A. Direct material cost B. Labour cost C. Research and development cost D. All of above
3	Petty cash book is a book which record	A. Assets B. Liabilities C. Large payments D. Small payments
4	In bill of exchange, the party who accepts a bill is known as:	A. Drawer B. Drawee C. Payee D. Third party
5	Which one is not a functional classification?	A. Manufacturing cost B. Marketing cost C. Finance cost D. Mixed cost
6	Which one is not a classification according to the accounting period?	A. Capital expenditure B. Revenue expenditure C. Product cost D. Administrative cost
7	In operating expense includes	A. Marketing expense B. Admin expense C. Selling expense D. All of the above
8	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
9	Loss which arises due to ----------- is known as abnormal loss	A. Breakage of goods B. Leakage C. Fire D. Shrinkage
10	Purchase Requisition is sent to	A. Accounts department B. Purchase department C. Finance department D. None of above