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

Excess of assets over liabilities is known as:

Question # 2

Cash or goods taken away by owner for personal use from business are known as:

Question # 3

What is amortization?

Question # 4

Costs whose consumption may be identified with specific production units in called

Question # 5

Difference in cost of alternative choices is called

Question # 6

A cost whose magnitude will be affected by decision being made is called

Question # 7

The cost of holding the stock in storage is called

Question # 8

Provision of doubtful debts are also known as:

Question # 9

A person is said to be insolvent when his

Question # 10

Debentures are

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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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    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 Trading account shows ----------- result.
A. Net
B. Gross
C. Profit
D. Loss
2 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
3 In payroll include the remunerations of
A. Direct labour
B. Indirect labour
C. Both a & b
D. None of the above
4 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
5 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
6 Tenor is the period of time ------------ which a bill becomes payable
A. Before
B. After
C. Both a and b
D. None
7 Which one is not a functional classification?
A. Manufacturing cost
B. Marketing cost
C. Finance cost
D. Mixed cost
8 What is accumulated depreciation?
A. Depreciation expense of the current year
B. Sum of all depreciations in different accounting year
C. Depreciations of previous accounting year
D. None
9 Lead time is the time between the time on item reaches --------------- and ---------- of
A. Order level, dispatch of material
B. Order level, maximum level
C. Maximum level, minimum level
D. Order level, actual receipt
10 Depreciation is a loss due to wear and tear of an asset.
A. Correct
B. Incorrent
C. May be
D. None

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