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.
Benefits of preparing Bank Reconciliation Statement includes___________?
A: It bring out any errors committed in preparation of Cash book / Bank Pass Book
B: Highlights under delay in clearance of cheques deposited but not credited
C: Help know actual bank balance
D: All the three
All the three
Revenue is generally recognized as being earned at that point of time when?
A: sale is effected
B: cash is received
C: production is completed
D: debts are collected
sale is effected
Which of the following is a revenue expenses?
A: Raw material consumed
B: Plant purchased
C: Long term loan raised from bank
D: Share Capital
Raw material consumed
Which of the following is a capital expenditure?
A: Repair of plant and machinery
B: Salary paid to workers
C: Cost of stand by equipment
D: Annual whitewash of the office building
Cost of stand by equipment
Which of these types of expenditure would not be treated as a Capital Expenditure?
A: Acquisition of an Asset
B: Extension of an Asset
C: Improvement of the existing Asset
D: Maintenance of the Asset
Maintenance of the Asset
Expenses of the following nature are treated as a Revenue expenses except__________?
A: Expenses for day to day running of the business
B: Putting the new asset in working condition
C: Depreciation
D: Purchase of raw material
Putting the new asset in working condition
Cash received from debtors would be deemed as___________of funds.
A: No flow
B: Sources
C: Uses
D: Gain
No flow
Generally the term fund is used to mean the difference between?
A: Current assets and current liabilities
B: Profit and loss A/C and Balance sheet
C: Current assets and non-current liabilities
D: Current liabilities and non-current liabilities
Current assets and current liabilities
Which of these documents is not required for Bank Reconciliation?
A: Bank column of Cash Book
B: Bank Pass Book
C: Bank Statement
D: Trial Balance
Trial Balance
Which of these items are taken into consideration for preparation of adjusted Cash Book
A: Mistake in Cash Book
B: Mistake in Pass Book
C: Cheque issued but not presented for payment
D: Cheques deposited but not cleared
Mistake in Cash Book