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

Compound entry is an entry in which:

Question # 2

A--------------- is an account in which those transaction are entered which cannot be placed to their accounts

Question # 3

Accounts which are related with properties are known as

Question # 4

Per Unit cost is calculated by dividing the cost of goods sold by

Question # 5

A credit purchases are:

Question # 6

Sales prices is calculated as follow:-

Question # 7

Which one is not a classification according to the accounting period?

Question # 8

Under perpetual inventory system stock taking is under taken at the

Question # 9

In job order costing system, each job is assigned a job cost

Question # 10

Office salaries are include in

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Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

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

Sr.# Question Answer
1 The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.
A. General ledger
B. Head office ledger
C. Factory ledger
D. None of these
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 Dishonor of the bill occurs when:
A. The drawer refuse to pay
B. The acceptor refuses to meet the bill on due date
C. The endorsee accepts to meet the bill
D. None
4 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
5 Under perpetual inventory system stock taking is under taken at the
A. Start of the accounting year
B. End of the accounting
C. Regular bases
D. None of above
6 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
7 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
8 Which one is not a classification according to the accounting period?
A. Capital expenditure
B. Revenue expenditure
C. Product cost
D. Administrative cost
9 In job order costing system, each job is assigned a job cost
A. Unit
B. Center
C. Driver
D. Sheet
10 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6

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