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

Historical cost which is irrecoverable in a given situation is called

Question # 2

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

Question # 3

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

Question # 4

Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is

Question # 5

The bills which are drawn and accepted against the sale and purchase of goods on credits are called

Question # 6

The technique and process of ascertaining cost is termed as

Question # 7

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

Question # 8

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

Question # 9

Which one is non-manufacturing costs?

Question # 10

Debentures are

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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 Under perpetual inventory system stock taking is under taken at the
A. Start of the accounting year
B. End of the accounting
C. Regular bases
D. None of above
2 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
3 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
4 Offsetting expenses against revenue is the concept of:
A. Realization
B. Dual aspect
C. Matching
D. Conventions
5 If spoiled goods are considered a normal part of production process than debit to
A. Work in process
B. General expense
C. F.o.H control
D. None of above
6 Office salaries are include in
A. Direct material cost
B. Indirect material cost
C. Factory overhead cost
D. Total payroll
7 Any written evidence of a business transaction is known as
A. Voucher
B. Pay-in-slip
C. Debit note
D. Credit note
8 The cost flow must match the
A. Output
B. Outflow
C. Inflow
D. Workflow
9 During period of rising material prices, ----------- method results in profit inflation
A. LIFO
B. FIFO
C. Weighted average
D. All of the above
10 In job order costing system, each job is assigned a job cost
A. Unit
B. Center
C. Driver
D. Sheet

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