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.
_________ is the evidence that a transaction took place?
A: Source documents
B: Ledger
C: Bonds
D: Journals
Source documents
Which of the following will be debited if a business purchases goods on credit?
A: Cash
B: Debtor
C: Creditor
D: Purchases
Purchases
The process of recording is done?
A: Two times a year
B: once a year
C: Frequently during the accounting period
D: At the end of a accounting period
Frequently during the accounting period
Fresh capital introduction will increase____________?
A: Assets and liabilities
B: Assets and equity
C: Liabilities and equity and bank balance
D: Capital and liabilities
Assets and equity
Cash received for services rendered will______________?
A: Increase cash and liability
B: Increase equity and liability
C: Increase fixed assets and cash
D: Increase cash and equity
Increase cash and equity
Which of following best describes the increase in equity expands___________?
A: Business operations
B: cash outflows
C: Inflows of cash
D: Appropriation expenses
Business operations
If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?
A: $5,000
B: $10,000
C: $15,000
D: $20,000
$5,000
An increase in provision for bad debt will____________?
A: Decrease net income
B: Decrease liabilities
C: Increase net income
D: Increase liabilities
Decrease net income
Current assets “ Current liabilities=?
A: Capital
B: Absorbed capital
C: Net assets
D: Net working capital
Net working capital