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

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NAT II Management Science Finance & Accounting

00:00
Question # 1

Offsetting expenses against revenue is the concept of:

Question # 2

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

Question # 3

What are bad debts?

Question # 4

What is negotiable instrument?

Question # 5

How many types of bank accounts are there?

Question # 6

Which one of the following is not a negotiable instrument?

Question # 7

Section of the business to which cost can be charged is termed as

Question # 8

Outstanding expenses are also known as

Question # 9

The objective of financial accounting is to ascertain:

Question # 10

Good received note is prepared by

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

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    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
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    Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10
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    mehwish Malik 24 - Apr - 2023 10 Min 50 Sec 6/10
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NAT-II Finance & Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Accounting is the
A. Art
B. Science
C. Both
D. None
2 The cost of holding the stock in storage is called
A. Ordering cost
B. Material cost
C. Caring cost
D. All of the above
3 Goodwill is ----------- for company.
A. Intangible asset
B. Fixed asset
C. Current asset
D. Quick asset
4 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
5 Deferred liabilities are debts which are repayable less than ----------
A. One month
B. Six month
C. One year
D. None
6 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
7 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
8 Which one is not accounting convention?
A. Materiality
B. Full disclosure
C. Consistency
D. Going concern
9 Provision of doubtful debts are also known as:
A. Allowances for uncollectable
B. Allowances for collectable
C. Bad debts
D. None
10 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

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