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 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
A credit balance in cash book indicates?
A: Bank balance
B: Cash at bank
C: Bank overdraft
D: Bank underdraft
Bank overdraft
Petty cash fund is supposed to be replenished?
A: Every day
B: Every half year
C: Every year
D: At the end of every accounting period
At the end of every accounting period
Postdated checks are considered as__________?
A: Cash
B: Bank balance
C: Accounts receivable
D: Cash reserve
Accounts receivable
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