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	Statement of a affairs is a sort of -----------	A. Profit and loss statement B. Nominal account C. Statement of changes in equity D. Balance sheet
3	Accounts which are related with properties are known as	A. Real accounts B. Nominal accounts C. Property accounts D. A and C are correct Accounting principles:
4	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
5	During period of rising material prices, ----------- method results in profit inflation	A. LIFO B. FIFO C. Weighted average D. All of the above
6	How many types of bank accounts are there?	A. 4 B. 3 C. 5 D. 6
7	Rebate is the --------- in the amount of bill paid	A. Premium B. Increase C. Expense D. Concession
8	Accounting is the	A. Art B. Science C. Both D. None
9	In operating expense includes	A. Marketing expense B. Admin expense C. Selling expense D. All of the above
10	Petty cash book is a book which record	A. Assets B. Liabilities C. Large payments D. Small payments