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

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Question # 1

How many types of inventories are in cost of goods sold statement?

Question # 2

The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.

Question # 3

In job order costing system, each job is assigned a job cost

Question # 4

How many of grace are given?

Question # 5

Offsetting expenses against revenue is the concept of:

Question # 6

The stages of accounting cycle are

Question # 7

Work in process opening and closing inventory includes:-

Question # 8

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

Question # 9

Which one is not a functional classification?

Question # 10

Bin card is maintained by

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

Sr.# Question Answer
1 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
2 Good received note is prepared by
A. Purchase department
B. Sales department
C. Receiving department
D. All of the above
3 How many branches are there in accounting?
A. 1
B. 3
C. 2
D. 4
4 Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called
A. Future cost
B. Replacement cost
C. Imputed cost
D. Sunk cost
5 Accounting is the
A. Art
B. Science
C. Both
D. None
6 Difference in cost of alternative choices is called
A. Total costing
B. Differential costing
C. Full costing
D. Variable costing
7 Statement of a affairs is a sort of -----------
A. Profit and loss statement
B. Nominal account
C. Statement of changes in equity
D. Balance sheet
8 Cost which is calculated before manufacture operation is called
A. Sunk cost
B. Mixed cost
C. Standard cost
D. None of above
9 The primary objective of cost accounting is to
A. Control cost
B. Calculate profit
C. Avoid cost
D. All of above
10 The cost of holding the stock in storage is called
A. Ordering cost
B. Material cost
C. Caring cost
D. All of the above

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