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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 purchases is recorded in which of the following specialized journals?

A Purchase journal

B Sales journal

C Purchases return journal

D Cash payments journal

Review Detailed Answer

Correct Answer: Cash payments journal

Which of the following is a type of cash receipt journal + cash payment journal?

A Bank statement

B Statement of cash flow

C Cash book

D Cash documents

Review Detailed Answer

Correct Answer: Cash book

Cash received from debtor is recorded in which of the following SPECIALIZED journals?

A Purchase journal

B Sales journal

C Cash receipts

D Cash payments journal

Review Detailed Answer

Correct Answer: Cash receipts

Sales and purchase journal don’t record__________?

A Credit sales

B Credit purchases

C Credit sales and purchases

D Cash sales and purchases

Review Detailed Answer

Correct Answer: Cash sales and purchases

Which of the following specialised journals will record “goods returned by the BUSINESS “?

A Purchase journal

B Sales journal

C Purchases return journal

D Sales return journal

Review Detailed Answer

Correct Answer: Purchases return journal

Another name of journal is_____________?

A Specialized journal

B Day book

C Cash book

D Record book

Review Detailed Answer

Correct Answer: Day book

Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

A Cash payments journal

B Cash receipts journal

C Purchases return journal

D General journal

Review Detailed Answer

Correct Answer: General journal

Sales on credit is recorded in which of the following journal?

A Purchase journal

B Sales journal

C Purchases return journal

D Sales return journal

Review Detailed Answer

Correct Answer: Sales journal

Which of the following specialized journals records “goods returned by customers”?

A Purchase journal

B Sales journal

C Purchases return journal

D Sales return journal

Review Detailed Answer

Correct Answer: Sales return journal

Which of the following account with normal balance is shown at the credit side of a trial balance?

A Cash account

B Bank account

C Equipment account

D Accrued expenses account

Review Detailed Answer

Correct Answer: Accrued expenses account

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

Cash purchases is recorded in which of the following specialized journals?

Which of the following is a type of cash receipt journal + cash payment journal?

Cash received from debtor is recorded in which of the following SPECIALIZED journals?

Sales and purchase journal don’t record__________?

Which of the following specialised journals will record “goods returned by the BUSINESS “?

Another name of journal is_____________?

Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

Sales on credit is recorded in which of the following journal?

Which of the following specialized journals records “goods returned by customers”?

Which of the following account with normal balance is shown at the credit side of a trial balance?