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.
Cash book with cash and discount column is mostly referred as________?
A: Simple cash book
B: Two column cash book
C: Three column cash book
D: Petty cash book
Two column cash book
A simple or one column cash book usually has which of the following main columns?
A: Bank
B: Payments
C: Discount
D: Cash
Cash
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Payments
Postage stamps on hand are considered as_________?
A: Bank
B: Prepaid expenses
C: Accounts receivable
D: Creditor
Prepaid expenses
Which of the following is generally not the party to a check?
A: Payee
B: Payer
C: Bank
D: Seller
Seller
Which of the following error results in unadjusted cash book balance?
A: Outstanding checks
B: Unpresented checks
C: Deposit in transit
D: Omission of Bank charges
Outstanding checks
_________ Checks that are presented to bank but not yet credited by the bank.
A: Unpresented checks
B: Uncredited checks
C: Outstanding checks
D: Bounced checks
Uncredited checks
Favorable balance of bank statement implies that
A: Credit balance
B: Debit balance
C: Bank overdraft
D: Adjusted balance
Credit balance
Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
A: $2,000
B: Zero
C: $3,000
D: $2,500
$2,000