M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Management Sciences 5307 MCQs [All-Courses]

thumb

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.

All Topics  5307

Bad debts recovered is:
A Credited to P&L A/c
B Debited to P&L A/c
C Reduced from debtors in Balance Sheet
D Added to debtors in Balance Sheet
Correct Answer: Credited to P&L A/c
A club paid subscription fees of `1,400. Out of which ` 200 is prepaid. In such case
A P&L A/C is debited with 1,400
B P&L A/C is debited with 1,200
C 200 is shown as current asset
D Both B. and C. above
Correct Answer: Both B. and C. above
Depreciation appearing in the Trial Balance should be?
A Debited to P&L A/c
B Shown as liability in Balance Sheet
C Reduced from related asset in Balance Sheet
D Both A. and C. above
Correct Answer: Debited to P&L A/c
Insurance prepaid is shown as:___________?
A Current Asset
B Current Liability
C Fixed Asset
D Income
Correct Answer: Current Asset
Outstanding salaries is shown as___________?
A An Asset in the Balance Sheet
B A Liability
C By adjusting it in the P & L A/c
D Both B. and C. above
Correct Answer: Both B. and C. above
Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?
A Replacement cost – Accumulated Depreciation
B Historical cost – Salvage Value
C Historical cost – Depreciation portion thereof
D Original cost adjusted for general price-level changes
Correct Answer: Historical cost – Depreciation portion thereof
Net sales equals, sales minus:
A Return outwords
B Return inwards
C cost of goods sold
D carriage on sales
Correct Answer: Return inwards
_________is the cost of converting raw material into finished products?
A Prime cost
B Explicit cost
C Job order cost
D Conversion cost
Correct Answer: Conversion cost
Short term Assets expected to be converted into cash within 1 year or less than?
A Current Assets
B Fixed Assets
C Current Assets& current liabilities
D All of the above
Correct Answer: Current Assets
An income statement in which each item expressed as percentage of Sale?
A Balance sheet
B income statement
C common size income statement
D All of the Above
Correct Answer: income statement
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.