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

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

Sr.#	Question	Answer
1	Spoiled goods cannot be	A. Sold without repairing B. Repair and sold as damaged goods C. Both A and B D. None of above
2	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:
3	Which one is not include in factory overhead?	A. Power hear & light B. Indirect labour cost C. Depreciation of plant D. Salary of accountant
4	In payroll include the remunerations of	A. Direct labour B. Indirect labour C. Both a & b D. None of the above
5	Historical cost which is irrecoverable in a given situation is called	A. Imputed cost B. Standard cost C. Opportunity cost D. Sunk cost
6	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
7	During period of rising material prices, ----------- method results in profit inflation	A. LIFO B. FIFO C. Weighted average D. All of the above
8	Outstanding expenses are also known as	A. Prepared expenses B. Accrued expenses C. Un-earned income D. None
9	Cash or goods taken away by owner for personal use from business are known as:	A. Capital B. Drawings C. Revenue D. Expense
10	The cost flow must match the	A. Output B. Outflow C. Inflow D. Workflow