NAT IIM Management Science Finance Hard Test

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NAT IIM Management Science Finance Hard Test

  • Total Questions20

  • Time Allowed20

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NAT IIM Management Science Finance Hard Test

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Question # 1

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

Question # 2

Any written evidence of a business transaction is known as

Question # 3

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

Question # 4

In payroll include the remunerations of

Question # 5

The technique and process of ascertaining cost is termed as

Question # 6

The cost of holding the stock in storage is called

Question # 7

Petty cash book is a book which record

Question # 8

Which one is non-manufacturing costs?

Question # 9

Costs whose consumption may be identified with specific production units in called

Question # 10

Spoiled goods cannot be

Question # 11

Provision of doubtful debts are also known as:

Question # 12

Bin card is maintained by

Question # 13

What are bad debts?

Question # 14

The ------------- includes a control account entitled general ledger that shows is equity of the general office in the factory.

Question # 15

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

Question # 16

Accounts which are related with properties are known as

Question # 17

Loss which arises due to ----------- is known as abnormal loss

Question # 18

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

Question # 19

The objective of financial accounting is to ascertain:

Question # 20

Which ratio tells how many times in a year stock is used up and replaced?

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