NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Finance & Accounting

Try The MCQ's Test For NAT II Management Science Finance & Accounting

  • Total Questions10

  • Time Allowed15

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NAT II Management Science Finance & Accounting

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Question # 1

A credit purchases are:

Question # 2

Accounting is the

Question # 3

Trading account shows ----------- result.

Question # 4

The bills which are drawn and accepted against the sale and purchase of goods on credits are called

Question # 5

Work in process opening and closing inventory includes:-

Question # 6

During period of rising material prices, ----------- method results in profit inflation

Question # 7

If spoiled good are considered as abnormal part of production process then debited to

Question # 8

What is amortization?

Question # 9

Doubtful debt are:

Question # 10

A cost whose magnitude will be affected by decision being made is called

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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above
2 The bills which are drawn and accepted against the sale and purchase of goods on credits are called
A. Trade bills
B. Bill of exchange
C. In-land bills
D. Foreign bills
3 Bin card is maintained by
A. Purchase manager
B. Sales manager
C. Store keeper
D. Finance manager
4 Debentures are
A. Fixed assets
B. Fixed liabilities
C. Capital
D. Prepaid expenses
5 Outstanding expenses are also known as
A. Prepared expenses
B. Accrued expenses
C. Un-earned income
D. None
6 Goodwill is ----------- for company.
A. Intangible asset
B. Fixed asset
C. Current asset
D. Quick asset
7 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
8 The technique and process of ascertaining cost is termed as
A. Costing
B. Cost accounting
C. Calculation of cost
D. Controlling cost
9 Which ratio tells how many times in a year stock is used up and replaced?
A. Gross profit ratio
B. Net profit ratio
C. Cost ratio
D. None of these
10 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

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