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 discount is allowed on _______ repayment of debt.
A: Lump sum
B: Prompt
C: Actual
D: None of them
Prompt
Which of the following is generally not the party to a check?
A: Payee
B: Payer
C: Bank
D: Seller
Seller
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
Cash book records:______________?
A: Cash payments
B: Cash receipts
C: Cash payments and cash receipts
D: Neither cash payments nor cash receipts
Cash payments and cash receipts
Cash book is prepared by____________?
A: Bank
B: Accountant of business
C: Manager of a company
D: Banks cashier
Accountant of business
Discount received is recorded on which of the following side of a cash book?
A: Receipts
B: Payments
C: Incomes
D: Expenditures
Payments
The closing balance of petty cash book is considered as_________?
A: Liability
B: Asset
C: Expenses
D: Income
Asset