Publisher: Dogar Brothers. This book provides complete guideline to prospective scholars in the areas of Business, Management and Commence for admission in PhD program of Pakistani Universities officially conducted by the National Testing Service (NTS) under the title of GAT. gat subject management sciences mcqs pdf gat subject management sciences gat subject management sciences past paper gat subject. Whereas, the Graduate Assessment Test-Subject is for admission in Ph.D. programs. This is held for the recruitment of the graduates. This type of GAT tests .
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GAT Subject (Management Sciences) shows below. Outline of this test comprises of two broad sections of General and Subject and 30% and 70% respectively. NTS GAT Test Preparation updated Books For General and Subject Test Free Download Online is available here on this page. The Graduate. GAT Subject is mandatory test required by HEC for the admission in any postgraduate No exact relevant to a GAT Subject book is available in the market.
As there is no negative marking you can go with guesses for the questions you were unable to solve. Try to stay mentally available during the test and do not let your mind wander in thoughts as time management is very important. Keep in mind the instructions that you read before the exam and see carefully if you are marking the answer to the right question.
You will have to step out and open the closed mental doors. At the time of preparation, learn the art of intelligent guessing and it will come in very handy during the test. When you enter the exam room, be confident about your preparation. Enter the exam with the winning state of mind. This test will be no big deal for a student who approaches it with confidence.
One benefit of walking into the exam room with confidence is that it will reduce the chances of the student getting confused and stressed during the exam. These tips will surely prove to be very useful.
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What is NTS? To begin with, a student should be well aware of the test pattern. In the total time of two hours, which makes minutes, a student has to attempt hundred multiple-choice questions.
Fortunately, there is no concept of negative marking in this test. One correct answer is awarded one mark and the wrong question is marked as zero. There are three sections in a GAT test: English, Analytical, and Mathematics. As we just discussed above that there are 40 questions, it means that this section holds the maximum weightage.
This section comprises of antonyms, synonyms, fill-in-the-blanks and reading comprehension questions. To be well-prepared for this section a student must read a few novels, preferably by British authors.
Also, try to read columns and op-ed pages of English dailies. Puzzles like anagrams and crosswords will help the student increase their vocabulary. Solving at least one puzzle a day will help you more than just memorize a long list of words.
The next section is the analytical section that contains 30 questions comprising of logical puzzles and some logical reasoning questions. To prepare for this section a student can take help from the GRE Big Book, it has a lot of sample questions for practice. Practicing the sample questions will help the student give the students an idea of what to expect from this section. The next and the last section is the Mathematics section which also consists of 30 questions. For the preparation of this section, a student must focus on the elementary mathematics for some time to have a strong base.
A student must learn the algebraic and geometric equations and formulae. This way, the student will know as to what to expect from this section. Suggested Books To be well-prepared a student can refer to the resource books such as: Preferable Method of Solving the Test: Mental Availability: Planning controlling profit sharing product costing.
B B Fixed cost variable cost semi variable cost. Material Labor Overheads. An Bill of Material Bin card stores ledger All of these. Loss due to accidents pilferage Loss due to breaking the bulk Loss due to careless handling of materials All of these. Last-in-first-out price First-in-first-out price Highest-in-first-out price Weighted average price. Last-in-first-out price. First-in -first-out price. Replacement price. Weighted average price. Quantity of stock being issued stock in balance Minimum stock Maximum stock.
Annual stock-taking Perpetual inventory system ABC analysis periodic inventory system. Investment value of materials Consumption value of materials Quantity of materials consumed All of these. B C Inflated price method Standard price method Replacement price method Specific price method. Minimum leveled maximum level re-order level overage level. Loss by evaporation Loss due to improper storage of materials Loss due to breaking the bulk All of these.
Simple average price Weighted average price Moving average price Inflated price. The average inventory is 1. A B Defectives Spoilage Waste Scrap. Fore accident Theft Breaking the bulk Evaporation pilferage. Halsey plan Rowan plan Taylors differential piece rate system Gantt's task and bonus system. Halsey plan Rowan plan Taylor's differential piece rate system Gantt's task and bonus system. B Question: Rs 18 Rs 14 Rs 16 Rs C A Rowan plan allows more wages to a worker than Halsey plan Rowan plan allows less wages to a worker than Halsey plan Rowan and Halsey plan allow equal wages to a worker.
Rowan plan is in use. A Question: Insurance to cover sold goods while in transit Royalty on sales Legal costs for debt realization Distribution of samples.
Reducing balance method sum of digits method Annuity method a and b above. Rate per unit percentage on selling price of each unit Any of these. It is making a loss. Marginal revenue is less than marginal cost. Marginal revenue less than average variable cost at all levels of output. Average revenue is less than average variable cost at all levels of output. Average revenue is less than marginal cost at all levels of output. E B Question: Capacity used for standard setting. Capacity below which production should not fall.
What is the amount of under or overabsorption of overhead 1. This loss should be 1. Either b or c. Manufacturing process desires of management nature of business company organization structure all of the above. E Repair shops printing presses Furniture making Automobile garages All of these.
Cost-plus contracts Escalation clause De-escalation clause All of the above. C D C Question: Accounting treatment of this loss is 1. Materials Labor Supervision Storage lost both c and d. The business completed 14, units of product, of which 4, units were half completed in Dec and started production on an additional 6, units that production cost per unit was 1. If output is 40 units, the value of abnormal loss will be.
Assuming FIFO method, the equivalent production during the period was 1. How many units were introduced during the period 1. Operating costing Batch costing process costing Unit costing. When finished output in the process is only units, there is an 1. BY products are of small total value BY-products are of considerable sales value BY-products require further processing for their sale.
Job costing Operating costing Multiple costing Contract costing. Standard cost method opportunity cost method Reserve cost method sales value method. How many units were introduced in the process. Integral system Non-integral system Under both a and b None of these. Cost Ledger control account None of the above. Work-in-progress ledger control account Cost ledger control account Stores ledger control. Cost Ledger Control account stores ledger control account Overhead adjustment account All of these.
Interest received on bank deposits Dividend paid on share capital Damages payable at law Debenture interest all of these. Transfer to general reserve Notional rent Rent receivable None of the above. What will be the financial profit when costing profit is RS. What will be the profit as per costing books when selling and distribution expenses, actual as well as predetermined, are RS.
Heavy donations Loss on the sale of fixed assets Notional rent Interest on borrowed capital all of these. Under-absorption of words overhead Interest on debentures paid Rent receivable Income tax paid All of the above. Overhead adjustment account work in progress ledger control account Cost ledger control account. Factory overhead control account. Under-applied by RS. E D reporting dates vary according to the activity level reported upon planned activity level is adjusted to the actual activity level before the budget comparison report is prepared.
Flexible budget Master budget cash budget capital budget. Flexible budget Master budget cash budget Fixed budget. Flexible budget Flexed budget difference between planned and actual results planning and control of activities.
Considering these facts, it can be said that the plant manager has done a better than expected job in controlling the costs if 1. Cash budget Master budget capital expenditure budget. Budget for the key factor sales budget. Forecast Budget Marginal cost None of these. Sales budget cash budget capital expenditure budget fixed budget.
Fixed budget Capital expenditure budget Long term cash budget Master budget. None of these. RS Theoretical standard Expected standard Normal standard Basic standard. Any significant deviations from these expected levels are investigated and evaluated as a basis for corrective action. The quantitative technique that is most probably being used is 1.
Material cost variance Material price variance Material quantity variance Material yield variance. D C The material cost variance is 1.
Marginal costing Absorption costing job and process costing All of the above. Budget is a projection of financial accounts whereas standard cost is a projection of cost accounts variances are analyzed under standard costing but not under budgetary control The budget, as a statement of expected costs, is used for forecasting of finance, if certain performances are achieved Budgetary control is more intensive than standard costing.
Budgeted overhead and actual overhead Standard overhead and actual overhead Absorbed overhead and budgeted overhead Absorbed overhead and standard overhead. Budgeted overhead and actual overhead Standard overhead and actual overhead Absorbed overhead and budgeted overhead.
Absorbed overhead and standard overhead. Expenditure variance Efficiency variance variable overhead cost variance volume variance. Actual profit and standard profit Actual profit and budgeted profit Actual sales and budgeted sales None of these. Rs Adverse RS. A C Question: RS50, RS. Fixed cost does not change in total amount variable cost does not change in total amount selling price does not change per unit company has no stocks. Fixed cost requiring cash variable costs requiring cash Both fixed and variable costs requiring cash cash fixed cost and all variable costs including credit.
Amitabh owes you the money you owe Amitabh the money Amitabh has just paid you that amount of money Amitabh has returned that amount of goods to you. A creditor's account The motor vehicles account A loan account. The capital account A creditor's account The motor vehicles account A loan account. The machinery account The downloads account The stock account The sales account.
A proprietor's capital will increase if his drawings are higher than his Net profit and he does not introduce any new capital. A proprietor's capital will decrease if his Net profit is greater than his drawings and does not introduce any new capital A proprietor's capital will remain constant if he only withdraws his Net profit each year, but also introduces new capital.
His gross profit is 1. A A Question: Cash Stock Debtors Type wirer. A breakdown van The managing director's private car The condense in the saleroom A customer's car in for repair. Mortgage Bank loan Bank over drat Rent Paid in advance. Gat Subject Management Sciences Accounting-Management -Economics Following list gives the correct choice for the answer of the accounting mcqs.
B A A liability due for payment within 12 months A liability due for payment within 24 months A liability due for payment within 36 months A liability due for payment within 48 months. B A Question: The cash book The journal The ledger The sales day of book. The cash book The journal The sales day book The download day book. C D Question: The sale of an asset for cash The withdrawal of cash for private use cash discount given to a customer The correction of errors made in the ledger.
A transaction is completely omitted from the books A sale to smith brothers is entered in smith and Co. The scrap value is Rs.
The amount of straight depreciation charged each year would be 1. A year later they are revalued at RS. The depreciation charge for the year is 1. Two years later the book value is Rs. The straight line depreciation rate of charge each years is 1.
The total depreciation charge on the 31 December should be 1. How-ever, after ten years the asset is still in use.
Which of the following would be the future charge for depreciation? Continue to charge RS. Stop charging depreciation after the ten years Reduce the depreciation charge on another asset.
The total depreciation charged to date is RS. The book value of the assets is 1. The total depreciation. The total difference in the profits over the three years would be 1.
RS, 6, Rs, 6, RS. Debtors usually appear as a current asset in the balance in the balance sheet provisions for bad debts usually have a debit balance in ledger The bad debts account usually has a debit balance in the ledger An increase in the provision for bad debts account will reduce the profit of the firm.
A Chinese take away A newsagent A bank A supermarket. Bank charges A dishonored cherub payments into the bank but not yet credited A credit transfer received from a customer. If petty cash expenses during the month of Rs. D A Question: All have paid the right amount except three members who paid Rs. The income from subscriptions for the year in the income and expenditure account should be 1. The sales mast therefore be 1.
At the end of his first year he has Rs. If he has withdrawn Rs. He also takes stock valued at Rs. His drawings for the year total 1. downloads on credit during the year totaled Rs.
If suppliers allowed a total of Rs. Assuming a bad debt of Rs. C B Question: Direct labor costs power for the factory machinery cost of materials used factory rent and rates. D C Question: Bank charges A dishonored cherub payment into the bank but not yet credited A credit transfer received from a customer. Interest charged by the bank A dishonored cheque A direct debit A payment from petty cash.
If petty cash expenses during the month of RS. Lists different petty expenses under their relevant headings is used instead of three column cash book is not part of the double entry system is always run on the imprest system. All have paid the right amount except three members who paid RS. A super market A greengrocer A news agent. A jeweler.
A super market A greengrocer A news agent A jeweler. This is because 6. Number of leavers Number replaced Numbers of employees at the end Number of leavers in a period. Direct labour,direct materials and direct expenses All direct costs plus factory overheads.
Direct materials plus total overheads 9. Direct labor plus factory overheads Fixed cost 7. Material 7. Labor 8. Overheads 9. FIFO 9. LIFO The average inventory is 6.
Rowan plan allows more wages to a worker than Halsey plan 7. Rowan plan allows less wages to a worker than Halsey plan 8. Rowan and Halsey plan allow equal wages to a worker 9. Rowan plan is in use 6. Insurance to cover sold goods while in transit Royalty on sales.
Legal costs for debt realization 9. Distribution of samples Rate per unit 7. Any of these 9. What is the amount of under or overabsorption of overhead 6. RS 20, This loss should be 6. Batch costing 8. Contract costing 9. None of these Cost-plus contracts Escalation clause. De-escalation clause 9.
All of the above Accounting treatment of this loss is 6. The business completed 14, units of product, of which 4, units were half completed in Dec and started production on an additional 6, units that production cost per unit was 5.
If output is 40 units, the value of abnormal loss will be 6. Assuming FIFO method, the equivalent production during the period was 6. How many units were introduced during the period 6.
When finished output in the process is only units, there is an. BY products are of small total value 7. BY-products are of considerable sales value 8.
BY-products require further processing for their sale 9. A C How many units were introduced in the process 6. Work-in-progress ledger control account 7. Cost ledger control account 8. Stores ledger control 9. Cost Ledger Control account. Overhead adjustment account 9. All of these E D statements included in the budget report vary from period to period budget standards may be adjusted at will reporting dates vary according to the activity level reported upon planned activity level is adjusted to the actual activity level before the budget comparison report is prepared.
Considering these facts, it can be said that the plant manager has done a better than expected job in controlling the costs if 6. Cash budget Master budget capital expenditure budget Budget for the key factor sales budget. Budget 8. Marginal cost 9. None of these 9. The quantitative technique that is most probably being used is 5. The quantitative technique that is most probably being used is 6. The material cost variance is 6. Loss 8. A proprietor's will remain constant if he only withdraws this Net profit each year and does not introduce any new capital.
His gross profit is 6. D A A description of the transaction 9. Reducing balance 8. The amount of straight depreciation charged each year would be 6. The depreciation charge for the year is 5. The straight line depreciation rate of charge each years is 6. The total depreciation charge on the 31 December should be 6.