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MCQ's Test For NAT II Management Science Finance & Accounting
Try The MCQ's Test For NAT II Management Science Finance & Accounting
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Total Questions10
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Time Allowed15
NAT II Management Science Finance & Accounting
00:00
Question # 1
Which one of the following is not a negotiable instrument?
Question # 2
Spoiled goods cannot be
Question # 3
Which one is not accounting convention?
Question # 4
Which ratio tells how many times in a year stock is used up and replaced?
Question # 5
A--------------- is an account in which those transaction are entered which cannot be placed to their accounts
Question # 6
Historical cost which is irrecoverable in a given situation is called
Question # 7
Assets which have to no market value are called
Question # 8
The stages of accounting cycle are
Question # 9
What is accumulated depreciation?
Question # 10
How many branches are there in accounting?
Prepare Complete Set Wise NAT II Management Science Finance & Accounting MCQs Online With Answers
Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test
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M Maya Kumari 08 - Jun - 2022 00 Min 39 Sec 10/10 -
M Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10 -
W Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10 -
S Shahzad Abbasi 09 - Dec - 2021 10 Min 50 Sec 9/10 -
N NurAli Virani 07 - Oct - 2022 10 Min 50 Sec 8/10 -
K Khurrum Atta 20 - Sep - 2022 10 Min 50 Sec 8/10 -
H Haseeb ur Rehman 31 - Jul - 2022 06 Min 39 Sec 7/10 -
M M Hamza Baloch 15 - Jan - 2023 10 Min 50 Sec 7/10 -
M Muqadas Hussain 11 - Jan - 2023 10 Min 50 Sec 7/10 -
C Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10 -
B Bilal khan 18 - Jul - 2023 02 Min 19 Sec 6/10 -
M mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10 -
S Shahkar Afridi 29 - May - 2022 10 Min 50 Sec 6/10 -
M Mahnoor Awan 18 - May - 2022 10 Min 50 Sec 6/10 -
H Hadiqa Saeed 23 - Feb - 2022 10 Min 50 Sec 6/10
NAT-II Finance & Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | A--------------- is an account in which those transaction are entered which cannot be placed to their accounts |
A. Nominal account
B. Suspense account
C. Personal account
D. Debtor account
|
| 2 | 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
|
| 3 | 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
|
| 4 | 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
|
| 5 | A property which is received by virtue of a will of a person after his death is known as |
A. Legacy
B. Donation
C. Subscription
D. Gift
|
| 6 | Petty cash book is a book which record |
A. Assets
B. Liabilities
C. Large payments
D. Small payments
|
| 7 | Material are charged to production at actual cost under |
A. Weighted average method
B. FIFO method
C. LIFO method
D. Both ii & iii
|
| 8 | What is accounting period? |
A. It is a time for which business prepares its financial statements
B. It is time for which business prepares its profit and loss statement
C. It is a time for which business prepares its balance sheet
D. None
|
| 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 | Historical cost which is irrecoverable in a given situation is called |
A. Imputed cost
B. Standard cost
C. Opportunity cost
D. Sunk cost
|
Test Questions