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

Dishonor of the bill occurs when:

Question # 2

What are bad debts?

Question # 3

Bin card is maintained by

Question # 4

In payroll include the remunerations of

Question # 5

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

Question # 6

Depreciation is a loss due to wear and tear of an asset.

Question # 7

Accounts which are related with properties are known as

Question # 8

The cost flow must watch the

Question # 9

How many branches are there in accounting?

Question # 10

If applied factory overhead is less than actual factory overhead, it is called

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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 Office salaries are include in
A. Direct material cost
B. Indirect material cost
C. Factory overhead cost
D. Total payroll
2 The objective of financial accounting is to ascertain:
A. True results of profit
B. True results of loss
C. True results of profit or loss
D. None
3 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
4 Cost which cannot be conveniently identified with individual cost unit is called
A. Direct material cost
B. Indirect material cost
C. Indirect labour cost
D. Caring cost
5 In job order costing system, each job is assigned a job cost
A. Unit
B. Center
C. Driver
D. Sheet
6 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
7 Assets which have to no market value are called
A. Fictitious assets
B. Liquid assets
C. Intangible assets
D. Real assets
8 The cost flow must watch the
A. Output
B. Outflow
C. Inflow
D. Workflow
9 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
10 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6

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