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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

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

Review Detailed Answer

Correct Answer: Two column cash book

If debit side of a bank account is greater than credit side it indicates which of the following?

A Cash at bank

B Bank understatement

C Bank overdraft

D Balance overstatement

Review Detailed Answer

Correct Answer: Cash at bank

Which of the following is generally not the party to a check?

A Payee

B Payer

C Bank

D Seller

Review Detailed Answer

Correct Answer: Seller

If credit side of a bank account is greater than the debit side, it indicates which of the following?

A Bank overdraft

B Cash at bank

C Bank balance

D Current Asset

Review Detailed Answer

Correct Answer: Bank overdraft

Postdated checks are considered as__________?

A Cash

B Bank balance

C Accounts receivable

D Cash reserve

Review Detailed Answer

Correct Answer: Accounts receivable

An account records the ___________ in the balance of an item?

A Increase

B Decrease

C Increase or decrease

D Appreciation

Review Detailed Answer

Correct Answer: Increase

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

Review Detailed Answer

Correct Answer: At the end of every accounting period

Transferring entries from journal to ledger account is commonly known as____________?

A Recording

B Transferring

C Posting

D Entry making

Review Detailed Answer

Correct Answer: Posting

A credit balance in cash book indicates?

A Bank balance

B Cash at bank

C Bank overdraft

D Bank underdraft

Review Detailed Answer

Correct Answer: Bank overdraft

Which of the following accounts can be classified as a real account?

A Rent expenses account

B Rent income account

C insurance expenses account

D Cash account

Review Detailed Answer

Correct Answer: Cash account

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

Cash book with cash and discount column is mostly referred as________?

If debit side of a bank account is greater than credit side it indicates which of the following?

Which of the following is generally not the party to a check?

If credit side of a bank account is greater than the debit side, it indicates which of the following?

Postdated checks are considered as__________?

An account records the ___________ in the balance of an item?

Petty cash fund is supposed to be replenished?

Transferring entries from journal to ledger account is commonly known as____________?

A credit balance in cash book indicates?

Which of the following accounts can be classified as a real account?