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.
_______ the withdrawal of cash and goods by the owner of the busienss for his/her personal use?
A: Depreciation
B: Drawings
C: Outflow of cash
D: Appreciation
Drawings
Net loss occurs when______________?
A: Expenses are greater than Income
B: Expenses are less than Income
C: Expenses=Income
D: Liabilities are greater than income
Expenses are greater than Income
Double entry implies that
A: Recording entries in journal
B: Recording entries in Ledger account
C: Recording two aspects of every transaction
D: Recording every transaction in books
Recording two aspects of every transaction
Identify the nominal account
A: Machinery account
B: Building account
C: Creditors account
D: Rent expenses account
Rent expenses account
Which of the following accounts can be classified as a real account?
A: Rent expenses account
B: Rent income account
C: insurance expenses account
D: Cash account
Cash account
Transferring entries from journal to ledger account is commonly known as____________?
A: Recording
B: Transferring
C: Posting
D: Entry making
Posting
An account records the ___________ in the balance of an item?
A: Increase
B: Decrease
C: Increase or decrease
D: Appreciation
Increase or decrease
If credit side of a bank account is greater than the debit side, it indicates which of the following?
A: Bank overdraft
B: Cash at bank
C: Bank balance
D: Current Asset
Bank overdraft
If debit side of a bank account is greater than credit side it indicates which of the following?
A: Cash at bank
B: Bank understatement
C: Bank overdraft
D: Balance overstatement
Cash at bank
_________ will be credited if goods are given as charity?
A: Cash
B: Charity
C: Purchases
D: Sales
Purchases