Management Sciences MCQs
These Management Sciences MCQs are for public service commission exams and BBA, and MBA students to prepare for their examinations. All MCQs are prepared after having a look at past papers of public service commission examinations held from time to time. These Management Science questions are very important for all types of tests conducted by FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, STS, ETEA, and other testing agencies of Pakistan.
Which of the following is an external cause of depreciation?
A: Routine repair and maintenance
B: Misuse
C: Obsolescence
D: Wear and tear
Obsolescence
Which of the following is not depreciated?
A: Building
B: Land
C: Plant and Machinery
D: Office equipment
Land
____________is also known as Appraisal system of depreciation?
A: Inventory system
B: Survey system
C: Annuity system
D: Insurance
Inventory system
Bad debts recovered account will be transferred to______________?
A: Debtors Account
B: Profit and Loss Account
C: Provision for Doubtful Debt Account
D: Either (b )or
E: above Read More About this Mcq
Either (b )or above
The entry for creating a Provision for bad debts is_____________?
A: Debit Provision for Bad Debts A/c and credit Debtors A/c
B: Debit Debtors A/c and credit Provision for Bad Debts A/c
C: Debit Provision for Bad Debts A/c and credit Profit & Loss A/c
D: Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.
Debit Profit and Loss A/c and credit Provision for Bad Debts A/c.
When a person purchasing goods on credit he becomes a_________in the books of the seller?
A: Debtor
B: Creditor
C: Defaulter
D: Offender
Debtor
Cost of goods sold excludes___________?
A: Opening Stock
B: Carriage inward
C: Wages & Salary
D: Postage & Stamps
Postage & Stamps
Tax deducted at source A/c appears in___________?
A: Assets side
B: Liability side
C: Profit & Loss A/c
D: Debited to Capital A/c
Assets side
Investment in own share A/c appears in____________?
A: Asset side
B: Liability side
C: Netted from Capital
D: Profit & Loss A/c
Asset side
Payments received in advance from a customer for a contract can be__________?
A: Shown as a deduction from contract work-in-progress on asset side
B: Shown as a liability
C: Credited to P&L A/c
D: Either or
E: above
Either or above