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.
Calculate the amount of cash if: Total assets=$10,000 Total liabilities=$10,000 Total Capital=$5000
A: $6,000
B: $10,000
C: $5,000
D: $1,000
$5,000
Which of the following is the normal balance of a rent expense account?
A: Credit balance
B: Cash balance
C: Overdraft
D: Debit balance
Debit balance
Revenue and expense accounts are referred as______________?
A: Nominal accounts
B: Real account
C: Cash accounts
D: Banks account
Nominal accounts
The real accounts are accounts of Assets, liabilities and ___________?
A: Expenses
B: Revenues
C: Capital
D: Drawing
Capital
Office equipments account is classified as _________ account?
A: Nominal
B: Real
C: Cash
D: Capital
Real
___________ helps business to classify transactions according to their nature?
A: General journal
B: Real accounts
C: Ledger accounts
D: Cash accounts
Ledger accounts
Which of the following is a real account?
A: Office equipment
B: Rent expenses
C: Rent income
D: Insurance expense
Office equipment
Which of the following accounts are closed at the end of an accounting period?
A: Nominal accounts
B: Balance sheet accounts
C: Real accounts
D: None of them
Nominal accounts
Which of the following is the closing balance of a ledger account?
A: Balance c/d
B: Balance b/d
C: Balance e/d
D: Balance f/c
Balance c/d