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	Difference in cost of alternative choices is called	A. Total costing B. Differential costing C. Full costing D. Variable costing
2	The cost flow must watch the	A. Output B. Outflow C. Inflow D. Workflow
3	Realisation concept is the concept in which revenue is ------------ at the time when goods are sold or services rendered.	A. Recognized B. Not recognized C. Paid D. Received
4	Office salaries are include in	A. Direct material cost B. Indirect material cost C. Factory overhead cost D. Total payroll
5	Doubtful debts are shown on:	A. Profit side of statement of profit and loss B. Liabilities side of balance sheet C. Asset side of balance sheet D. Not shown anywhere
6	How many branches are there in accounting?	A. 1 B. 3 C. 2 D. 4
7	Work in process opening and closing inventory includes:-	A. Arterial in process B. Labour in process C. F.o.H in process D. All of the above
8	Costs whose consumption may be identified with specific production units in called	A. Direct labour cost B. Indirect labour cost C. Direct material cost D. Indirect material cost
9	Assets which have to no market value are called	A. Fictitious assets B. Liquid assets C. Intangible assets D. Real assets
10	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