More Classes

5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject

NAT II Management Science Finance & Accounting MCQs With Answers

Question # 1

The cost flow must watch the

Choose an answer

Output

Outflow

Inflow

Workflow

Skip

Question # 2

How many of grace are given?

Choose an answer

Skip

Question # 3

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

Choose an answer

Scrap value

Residual value

Written down value

All of the above

Skip

Question # 4

The primary object of non-profit organizations is

Choose an answer

Not to earn profit

Work for the welfare of society

Buy/sell goods

A and B but not C

Skip

Question # 5

Assets which have to no market value are called

Choose an answer

Fictitious assets

Liquid assets

Intangible assets

Real assets

Skip

Question # 6

Offsetting expenses against revenue is the concept of:

Choose an answer

Realization

Dual aspect

Matching

Conventions

Skip

Question # 7

What are accrued expenses?

Choose an answer

The expenses that have been incurred during current year and paid till the end of current year

The expenses that have been incurred previous year and paid in the current year

The expenses that have been incurred during current year and not paid till the end of current year

The expenses that have been incurred previous year and not paid till the end of current year

Skip

Question # 8

Goodwill is ----------- for company.

Choose an answer

Intangible asset

Fixed asset

Current asset

Quick asset

Skip

Question # 9

Endorsement is made:

Choose an answer

For settlement of debts

For settlement of income

For settlement of profit

None

Skip

Question # 10

Purchase Requisition is sent to

Choose an answer

Accounts department

Purchase department

Finance department

None of above

Skip

Question # 11

In operating expense includes

Choose an answer

Marketing expense

Admin expense

Selling expense

All of the above

Skip

Back