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

Sales prices is calculated as follow:-

Question # 2

Office salaries are include in

Question # 3

Lead time is the time between the time on item reaches --------------- and ---------- of

Question # 4

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

Question # 5

What are bad debts?

Question # 6

Statement of a affairs is a sort of -----------

Question # 7

Depreciation expenditure is a

Question # 8

Name the main accounts which are prepared in accounting?

Question # 9

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

Question # 10

Profit will be lower where prices are rising under

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    Maya Kumari 08 - Jun - 2022 00 Min 39 Sec 10/10
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    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 What are bad debts?
A. Debts which are irrecoverable from the debtors
B. Debts which are recoverable from the debtors
C. Debts which are irrecoverable from the creditors
D. Debts which are recoverable from the creditors
2 Manufacturing concern cycle is ---------- than trading concern cycle:
A. Shorter
B. Greater
C. Medium
D. None of above
3 A credit purchases are:
A. If goods purchased and payment made at the same time
B. If goods purchased and payment not made at the same time
C. If goods sold and payment receive at the same time
D. If goods sold and payment not receive at the same time
4 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
5 Spoiled goods cannot be
A. Sold without repairing
B. Repair and sold as damaged goods
C. Both A and B
D. None of above
6 Depreciation is a loss due to wear and tear of an asset.
A. Correct
B. Incorrent
C. May be
D. None
7 Which one of the following is not a negotiable instrument?
A. Cheque
B. Promissory note
C. Bill of exchange
D. None of the above
8 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
9 Trading account shows ----------- result.
A. Net
B. Gross
C. Profit
D. Loss
10 Deferred liabilities are debts which are repayable less than ----------
A. One month
B. Six month
C. One year
D. None

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