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.
Trial balance is commonly prepared?
A: Frequently during the year
B: At the end of an accounting period
C: At the end of a month
D: At the end of a year
At the end of an accounting period
Which of the following will affect the agreement of a trial balance?
A: Complete omission of a transaction
B: Partial omission of a transaction
C: Error of principle
D: Compensating errors
Partial omission of a transaction
Institute of Chartered Accountants of Pakistan was established in____________?
A: 1949
B: 1956
C: 1961
D: 1972
1961
When owner withdraw cash for its private use, it is called ___________?
A: Profit
B: Income
C: Expense
D: Drawing
Drawing
Assets having physical existence are called ___________?
A: Current asset
B: intangible asset
C: Tangible asset
D: Liquid asset
Tangible asset
The assets which have some market value are called ____________?
A: Fixed asset
B: Quick asset
C: Fictitious assets
D: Real assets
Real assets
The assets which come into existence upon the happening of a certain event are called__________?
A: Contingent assets
B: Fixed assets
C: Fictitious assets
D: Quick assets
Contingent assets
Income earned but not received is called ____________?
A: Fictitious assets
B: Quick asset
C: Real asset
D: Outstanding asset
Outstanding asset