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.
Goods return to supplier are known as:__________?
A: Merchandise return
B: Purchase return
C: Return inwards
D: Sales return
Purchase return
A systematic way to maintain the books of accounts is called_________?
A: Accountancy
B: Economics
C: Book Keeping
D: Auditing
Book Keeping
An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
A: Accounting
B: Accountancy
C: Auditing
D: Book Keeping
Accounting
The maintenance of accounts in a systematic way is called__________?
A: Accounting
B: Reading
C: Book Keeping
D: Auditing
Book Keeping
Goods Return by the customer are termed as :
A: Purchase return
B: Customer return
C: Sales return
D: Inventory return
Sales return
Modern system of book keeping is called______________?
A: Double entry system
B: American system
C: Single entry system
D: Italic system
Double entry system
The person to whom goods are sold on credit is called___________?
A: Buyer
B: Seller
C: Debtor
D: Creditor
Debtor
Double entry means______________?
A: Entry in two sets of books
B: Entry at two ends
C: Entry at two dates
D: Entry for two aspects of the transaction
Entry for two aspects of the transaction
Obligation of the Business are known as___________?
A: Liabilities
B: Revenues
C: Expenses
D: Assets
Liabilities