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

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Question # 1

Which one is non-manufacturing costs?

Question # 2

The primary objective of cost accounting is to

Question # 3

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

Question # 4

Sales prices is calculated as follow:-

Question # 5

Depreciation expenditure is a

Question # 6

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

Question # 7

What are accrued expenses?

Question # 8

In bill of exchange, the party who accepts a bill is known as:

Question # 9

Bin card is maintained by

Question # 10

Assets which have to no market value are called

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

Sr.# Question Answer
1 Per Unit cost is calculated by dividing the cost of goods sold by
A. The number of units sold
B. The number of units purchase
C. The number of units manufactured
D. All of the above
2 Trading account shows ----------- result.
A. Net
B. Gross
C. Profit
D. Loss
3 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
4 In bill of exchange, the party who accepts a bill is known as:
A. Drawer
B. Drawee
C. Payee
D. Third party
5 A credit purchases are:
A. If goods purchased and payment made at the same time
B. If goods purchased and payment not made at the same time
C. If goods sold and payment receive at the same time
D. If goods sold and payment not receive at the same time
6 Name the main accounts which are prepared in accounting?
A. Assets, liabilities, income and expenses
B. Assets, liabilities, income and revenue
C. Assets, owner's equity, income and expenses
D. Assets, liabilities and expenses
7 Endorsement is made:
A. For settlement of debts
B. For settlement of income
C. For settlement of profit
D. None
8 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.
9 Cost which is calculated before manufacture operation is called
A. Sunk cost
B. Mixed cost
C. Standard cost
D. None of above
10 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6

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