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

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Question # 1

The objective of financial accounting is to ascertain:

Question # 2

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

Question # 3

Profit will be lower where prices are rising under

Question # 4

How many branches are there in accounting?

Question # 5

Treble column cash book has three columns of:

Question # 6

What are accrued expenses?

Question # 7

Trading account shows ----------- result.

Question # 8

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

Question # 9

A person is said to be insolvent when his

Question # 10

Excess of assets over liabilities is known as:

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Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

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  • M
    Mehwish 26 - Aug - 2021 01 Min 10 Sec 10/10
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    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 Accounts which are related with properties are known as
A. Real accounts
B. Nominal accounts
C. Property accounts
D. A and C are correct Accounting principles:
2 Bin card is maintained by
A. Purchase manager
B. Sales manager
C. Store keeper
D. Finance manager
3 Goodwill is ----------- for company.
A. Intangible asset
B. Fixed asset
C. Current asset
D. Quick asset
4 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
5 What is amortization?
A. Decrease in the value of fixed assets
B. Decrease in the value of intangible assets
C. Increase in the value of fixed assets
D. Increase in the value of intangible assets
6 Difference in cost of alternative choices is called
A. Total costing
B. Differential costing
C. Full costing
D. Variable costing
7 Cost which is calculated before manufacture operation is called
A. Sunk cost
B. Mixed cost
C. Standard cost
D. None of above
8 A cost whose magnitude will be affected by decision being made is called
A. Historical cost
B. Relevant cost
C. Irrelevant cost
D. Sunk cost
9 Deferred liabilities are debts which are repayable less than ----------
A. One month
B. Six month
C. One year
D. None
10 Quick assets are
A. Cash in hand
B. Cash at bank
C. Debtors
D. All of the above

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