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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NAT II Management Science Finance & Accounting

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Question # 1

Cost which is calculated before manufacture operation is called

Question # 2

Which one is not a functional classification?

Question # 3

Dishonor of the bill occurs when:

Question # 4

What are bad debts?

Question # 5

Manufacturing concern cycle is ---------- than trading concern cycle:

Question # 6

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

Question # 7

Doubtful debts are shown on:

Question # 8

Which ratio tells how many times in a year stock is used up and replaced?

Question # 9

Endorsement is made:

Question # 10

A property which is received by virtue of a will of a person after his death 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
  • W
    Waleed mazhar 30 - Jul - 2022 00 Min 32 Sec 9/10
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    Chiragh uddin 19 - Sep - 2021 02 Min 07 Sec 6/10
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    Bilal khan 18 - Jul - 2023 02 Min 19 Sec 6/10
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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 Which one is not include in factory overhead?
A. Power hear & light
B. Indirect labour cost
C. Depreciation of plant
D. Salary of accountant
2 The cost flow must match the
A. Output
B. Outflow
C. Inflow
D. Workflow
3 The price at which assets will be sold at the end of its useful life is known as:
A. Scrap value
B. Residual value
C. Written down value
D. All of the above
4 In bill of exchange, the party who accepts a bill is known as:
A. Drawer
B. Drawee
C. Payee
D. Third party
5 Dishonor of the bill occurs when:
A. The drawer refuse to pay
B. The acceptor refuses to meet the bill on due date
C. The endorsee accepts to meet the bill
D. None
6 The objective of financial accounting is to ascertain:
A. True results of profit
B. True results of loss
C. True results of profit or loss
D. None
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 Difference in cost of alternative choices is called
A. Total costing
B. Differential costing
C. Full costing
D. Variable costing
9 How many types of bank accounts are there?
A. 4
B. 3
C. 5
D. 6
10 In operating expense includes
A. Marketing expense
B. Admin expense
C. Selling expense
D. All of the above

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