NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Finance & Accounting

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  • Total Questions10

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NAT II Management Science Finance & Accounting

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Question # 1

The cost flow must match the

Question # 2

The price at which assets will be sold at the end of its useful life is known as:

Question # 3

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

Question # 4

Which one is not a functional classification?

Question # 5

Which one is not include in factory overhead?

Question # 6

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

Question # 7

The cost of holding the stock in storage is called

Question # 8

Accounting is the

Question # 9

Quick assets are

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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    Maya Kumari 08 - Jun - 2022 00 Min 39 Sec 10/10
  • 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 How many of grace are given?
A. 5
B. 4
C. 3
D. 2
2 Sales prices is calculated as follow:-
A. Cost + operating expense
B. Direct material + Direct labour + F.o.H
C. Cost + operating expenses + profit
D. None of above
3 Which ratio tells how many times in a year stock is used up and replaced?
A. Gross profit ratio
B. Net profit ratio
C. Cost ratio
D. None of these
4 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
5 What is negotiable instrument?
A. A document which is not transferable
B. A document which is transferable
C. A document which is accepted
D. None
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 Petty cash book is a book which record
A. Assets
B. Liabilities
C. Large payments
D. Small payments
8 How many types of inventories are in cost of goods sold statement?
A. 1
B. 2
C. 3
D. 4
9 Office salaries are include in
A. Direct material cost
B. Indirect material cost
C. Factory overhead cost
D. Total payroll
10 The cost flow must match the
A. Output
B. Outflow
C. Inflow
D. Workflow

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