NAT IIM Management Science Finance Hard Test

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NAT IIM Management Science Finance Hard Test

  • Total Questions20

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NAT IIM Management Science Finance Hard Test

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Question # 1

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

Question # 2

The technique and process of ascertaining cost is termed as

Question # 3

During period of rising material prices, ----------- method results in profit inflation

Question # 4

A person is said to be insolvent when his

Question # 5

In operating expense includes

Question # 6

Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called

Question # 7

Historical cost which is irrecoverable in a given situation is called

Question # 8

Office salaries are include in

Question # 9

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

Question # 10

In bill of exchange, the party who accepts a bill is known as:

Question # 11

How many branches are there in accounting?

Question # 12

Work in process opening and closing inventory includes:-

Question # 13

What is negotiable instrument?

Question # 14

Cash or goods taken away by owner for personal use from business are known as:

Question # 15

How many of grace are given?

Question # 16

Sales prices is calculated as follow:-

Question # 17

Which one is not accounting convention?

Question # 18

What is accumulated depreciation?

Question # 19

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

Question # 20

Cost which cannot be conveniently identified with individual cost unit is called

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