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.
Capital increases if _________ increases?
A: Expenses
B: Drawings
C: Interest on capital
D: Revenue
Revenue
Capital of a business decreases if there is an increase in___________?
A: Drawings
B: Income
C: Gains
D: Fresh capital
Drawings
If the businesss owner withdraws cash for his/her personal use what will be the effect on capital?
A: Increase in capital
B: Remain the same
C: Decrease in capital
D: No effect on capital
Decrease in capital
Net income equal to Revenues minus____________?
A: Gains
B: Depreciation
C: Expenses
D: Capital expenditures
Expenses
Collection of account receivable will
A: Increase assets and decrease assets
B: Increase assets and decrease liabilities
C: Increase assets and increase capital
D: Increase assets and increase cash
Increase assets and decrease assets
Which of the following is the practical implementation of the accounting equation?
A: Cash flow statement
B: Income statement
C: Statement of changes in equity
D: Statement of financial position
Statement of financial position
Which of the following accounting equation is correct?
A: Cash+Other assets=Capital-Liabilities
B: Capital+ Liabilities=Assets+Income
C: Assets-Liabilities=Capital
D: Assets+Capital=Liabilities
Assets-Liabilities=Capital
Find out the value of assets if: Liabilities=$5000 and Capital=$1000
A: $4,000
B: $6,000
C: $7,000
D: $3,000
$6,000