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	The technique and process of ascertaining cost is termed as	A. Costing B. Cost accounting C. Calculation of cost D. Controlling cost
2	Manufacturing concern cycle is ---------- than trading concern cycle:	A. Shorter B. Greater C. Medium D. None of above
3	Goodwill is ----------- for company.	A. Intangible asset B. Fixed asset C. Current asset D. Quick asset
4	Assets which have to no market value are called	A. Fictitious assets B. Liquid assets C. Intangible assets D. Real assets
5	Purchase Requisition is sent to	A. Accounts department B. Purchase department C. Finance department D. None of above
6	How many types of bank accounts are there?	A. 4 B. 3 C. 5 D. 6
7	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
8	The cost of holding the stock in storage is called	A. Ordering cost B. Material cost C. Caring cost D. All of the above
9	What are accrued expenses?	A. The expenses that have been incurred during current year and paid till the end of current year B. The expenses that have been incurred previous year and paid in the current year C. The expenses that have been incurred during current year and not paid till the end of current year D. The expenses that have been incurred previous year and not paid till the end of current year
10	Depreciation expenditure is a	A. Fixed cost B. Variable cost C. Semi-variable cost D. Step fixed cost