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.
Bookkeeping mainly concerns with which part of accounting process?
A: Analyzing
B: Preparing financial statements
C: Recording financial information
D: Auditing the books of accounts
Recording financial information
Specialized journals are more adequate for which TYPE OF BUSINESSES?
A: Small businesses
B: Big businesses
C: Sole proprietorship
D: Partnership
Big businesses
Which of the following is known as an evidence that a transaction took place?
A: Cash receipts journal
B: General journal
C: Source document
D: Cash book
Source document
BUSINESS paid rent amounting to $100³ which of the following specialized journals records this transaction?
A: Cash receipts journal
B: Cash payments journal
C: Sales journal
D: Purchase journal
Cash payments journal
Credit memo or credit note No. is entered in which of the following journal?
A: General journal
B: Cash journal
C: Purchase journal
D: Sales return day book
Sales return day book
Sales and purchase journal dont record__________?
A: Credit sales
B: Credit purchases
C: Credit sales and purchases
D: Cash sales and purchases
Cash sales and purchases
Cash received from debtor is recorded in which of the following SPECIALIZED journals?
A: Purchase journal
B: Sales journal
C: Cash receipts
D: Cash payments journal
Cash receipts
Which of the following is a type of cash receipt journal + cash payment journal?
A: Bank statement
B: Statement of cash flow
C: Cash book
D: Cash documents
Cash book
Cash purchases is recorded in which of the following specialized journals?
A: Purchase journal
B: Sales journal
C: Purchases return journal
D: Cash payments journal
Cash payments journal
A brief explanation recorded below every entry in general journal is commonly known as__________?
A: Narration
B: Explanation
C: Summary
D: Other information
Narration