NAT IIM Management Science Finance Easy Test

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NAT IIM Management Science Finance Easy Test

  • Total Questions20

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NAT IIM Management Science Finance Easy Test

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Question # 1

Which one is not accounting convention?

Question # 2

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

Question # 3

What is accounting period?

Question # 4

Statement of a affairs is a sort of -----------

Question # 5

Profit will be lower where prices are rising under

Question # 6

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

Question # 7

The cost flow must match the

Question # 8

Section of the business to which cost can be charged is termed as

Question # 9

The bills which are drawn and accepted against the sale and purchase of goods on credits are called

Question # 10

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

Question # 11

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

Question # 12

Offsetting expenses against revenue is the concept of:

Question # 13

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

Question # 14

Tenor is the period of time ------------ which a bill becomes payable

Question # 15

How many of grace are given?

Question # 16

From the following statements which one is not true about over applied F.o.H

Question # 17

The cost of holding the stock in storage is called

Question # 18

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

Question # 19

What are accrued expenses?

Question # 20

If applied factory overhead is less than actual factory overhead, it is called

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