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	Good received note is prepared by	A. Purchase department B. Sales department C. Receiving department D. All of the above
2	Assets which have to no market value are called	A. Fictitious assets B. Liquid assets C. Intangible assets D. Real assets
3	Profit will be lower where prices are rising under	A. FIFO method B. LIFO method C. Weighted average method D. All of the above
4	According to possible for an event or transaction which is not measurable in terms of money	A. True B. False C. May be D. None
5	Which one is not a classification according to the accounting period?	A. Capital expenditure B. Revenue expenditure C. Product cost D. Administrative cost
6	Endorsement is made:	A. For settlement of debts B. For settlement of income C. For settlement of profit D. None
7	Provision of doubtful debts are also known as:	A. Allowances for uncollectable B. Allowances for collectable C. Bad debts D. None
8	A cost whose magnitude will be affected by decision being made is called	A. Historical cost B. Relevant cost C. Irrelevant cost D. Sunk cost
9	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
10	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