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

00:00
Question # 1

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 2

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

Question # 3

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

Question # 4

Which one is not accounting convention?

Question # 5

According to possible for an event or transaction which is not measurable in terms of money

Question # 6

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

Question # 7

Which one of the following is not a negotiable instrument?

Question # 8

Manufacturing concern cycle is ---------- than trading concern cycle:

Question # 9

A credit purchases are:

Question # 10

Tenor is the period of time ------------ which a bill becomes payable

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

Sr.# Question Answer
1 Tenor is the period of time ------------ which a bill becomes payable
A. Before
B. After
C. Both a and b
D. None
2 Cost which is calculated before manufacture operation is called
A. Sunk cost
B. Mixed cost
C. Standard cost
D. None of above
3 Depreciation expenditure is a
A. Fixed cost
B. Variable cost
C. Semi-variable cost
D. Step fixed cost
4 Bin card is maintained by
A. Purchase manager
B. Sales manager
C. Store keeper
D. Finance manager
5 Accounting is the
A. Art
B. Science
C. Both
D. None
6 What is accounting period?
A. It is a time for which business prepares its financial statements
B. It is time for which business prepares its profit and loss statement
C. It is a time for which business prepares its balance sheet
D. None
7 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
8 In bill of exchange, the party who accepts a bill is known as:
A. Drawer
B. Drawee
C. Payee
D. Third party
9 The stages of accounting cycle are
A. Transaction-ledger-journal-trial balance-final accounts
B. Transaction-journal-ledger-trial balance-final accounts
C. Transaction-journal-trial balance-ledger-final accounts
D. Transaction-journal-ledger-final accounts-trial balance
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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