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

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NAT II Management Science Finance & Accounting

00:00
Question # 1

How many types of bank accounts are there?

Question # 2

Depreciation expenditure is a

Question # 3

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

Question # 4

Doubtful debt are:

Question # 5

Assets which have to no market value are called

Question # 6

Cost which is calculated before manufacture operation is called

Question # 7

Spoiled goods cannot be

Question # 8

Which one is not a functional classification?

Question # 9

The cost flow must watch the

Question # 10

Accounting is the

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

Sr.# Question Answer
1 Loss which arises due to ----------- is known as abnormal loss
A. Breakage of goods
B. Leakage
C. Fire
D. Shrinkage
2 From the following statements which one is not true about over applied F.o.H
A. Less from cost of goods sold at normal
B. Less from entire production if required
C. Add in gross profit if required
D. Less from Net profit.
3 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
4 What is amortization?
A. Decrease in the value of fixed assets
B. Decrease in the value of intangible assets
C. Increase in the value of fixed assets
D. Increase in the value of intangible assets
5 The primary object of non-profit organizations is
A. Not to earn profit
B. Work for the welfare of society
C. Buy/sell goods
D. A and B but not C
6 Treble column cash book has three columns of:
A. Cash, bank and discount
B. Income, expense and bank
C. Cash, bank and profit or loss
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 Endorsement is made:
A. For settlement of debts
B. For settlement of income
C. For settlement of profit
D. None
9 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
10 Debentures are
A. Fixed assets
B. Fixed liabilities
C. Capital
D. Prepaid expenses

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