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

Doubtful debt are:

Question # 2

Office salaries are include in

Question # 3

Goodwill is ----------- for company.

Question # 4

The cost flow must watch the

Question # 5

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

Question # 6

What is negotiable instrument?

Question # 7

A--------------- is an account in which those transaction are entered which cannot be placed to their accounts

Question # 8

The cost flow must match the

Question # 9

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

Question # 10

Deferred liabilities are debts which are repayable less than ----------

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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 Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is
A. 1800
B. 1900
C. 2000
D. 2200
3 Cash or goods taken away by owner for personal use from business are known as:
A. Capital
B. Drawings
C. Revenue
D. Expense
4 What are accrued expenses?
A. The expenses that have been incurred during current year and paid till the end of current year
B. The expenses that have been incurred previous year and paid in the current year
C. The expenses that have been incurred during current year and not paid till the end of current year
D. The expenses that have been incurred previous year and not paid till the end of current year
5 The cost flow must watch the
A. Output
B. Outflow
C. Inflow
D. Workflow
6 The primary object of non-profit organizations is
A. Not to earn profit
B. Work for the welfare of society
C. Buy/sell goods
D. A and B but not C
7 Material are charged to production at actual cost under
A. Weighted average method
B. FIFO method
C. LIFO method
D. Both ii & iii
8 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
9 Costs whose consumption may be identified with specific production units in called
A. Direct labour cost
B. Indirect labour cost
C. Direct material cost
D. Indirect material cost
10 Doubtful debt are:
A. Definite loss to the business
B. Definite profit to the business
C. Expected loss to the business
D. Expected profit to the business

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