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Management Sciences 5307 MCQs [All-Courses]

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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

Bank reconciliation statement is a part of_________?
A Cash book
B Trial balance
C Auditors report
D None of these
Correct Answer: Cash book
Bank reconciliation is a statement prepared to reconcile__________?
A Trial balance
B Cash book
C Bank A/c
D Cash as per cash book with bank balance as per bank pass book
Correct Answer: Cash as per cash book with bank balance as per bank pass book
The Bank Reconciliation Statement is prepared?
A To rectify the mistakes in the Cash Book
B To arrive at the Bank Balance
C To arrive at the Cash Balance
D To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement
Correct Answer: To bring out the reasons for the difference between the Balance as per Cash Book and the Balance as per Bank Statement
Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?
A Cheque issued but not presented
B Cheque issued but dishonoured
C Cheque deposited and credited by bank
D Both A and B
Correct Answer: Both A and B
Debit side of Bank Pass book corresponds to___________?
A Credit side of Cash Book
B Debit side of Cash Book
C Debit side of Trial Balance
D Credit side of Balance Sheet
Correct Answer: Credit side of Cash Book
Credit balance as per Cash Book mean____________?
A Surplus cash
B Bank overdraft
C Terms deposits with bank
D None of these
Correct Answer: Bank overdraft
Which of these items are taken into consideration for preparation of adjusted Cash Book
A Mistake in Cash Book
B Mistake in Pass Book
C Cheque issued but not presented for payment
D Cheques deposited but not cleared
Correct Answer: Mistake in Cash Book
Which of these documents is not required for Bank Reconciliation?
A Bank column of Cash Book
B Bank Pass Book
C Bank Statement
D Trial Balance
Correct Answer: Trial Balance
Generally the term fund is used to mean the difference between?
A Current assets and current liabilities
B Profit and loss A/C and Balance sheet
C Current assets and non-current liabilities
D Current liabilities and non-current liabilities
Correct Answer: Current assets and current liabilities
Cash received from debtors would be deemed as___________of funds.
A No flow
B Sources
C Uses
D Gain
Correct Answer: No flow
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