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NAT IIM Management Science Finance Hard Test
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Total Questions20
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Time Allowed20
NAT IIM Management Science Finance Hard Test
00:00
Question # 1
Dishonor of the bill occurs when:
Question # 2
What is amortization?
Question # 3
The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.
Question # 4
The primary objective of cost accounting is to
Question # 5
What are accrued expenses?
Question # 6
Purchase Requisition is sent to
Question # 7
How many branches are there in accounting?
Question # 8
Sales prices is calculated as follow:-
Question # 9
Historical cost which is irrecoverable in a given situation is called
Question # 10
If spoiled good are considered as abnormal part of production process then debited to
Question # 11
Rebate is the --------- in the amount of bill paid
Question # 12
Realisation concept is the concept in which revenue is ------------ at the time when goods are sold or services rendered.
Question # 13
Section of the business to which cost can be charged is termed as
Question # 14
Excess of assets over liabilities is known as:
Question # 15
The technique and process of ascertaining cost is termed as
Question # 16
What is accumulated depreciation?
Question # 17
Loss which arises due to ----------- is known as abnormal loss
Question # 18
Which one is not a classification according to the accounting period?
Question # 19
Depreciation expenditure is a
Question # 20
Petty cash book is a book which record
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Biology Chapter 1 MCQ - PDF
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