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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.

The unsold goods are ______________?

A Equity

B Sale return

C Inventory

D Purchases

Review Detailed Answer

Correct Answer: Inventory

Debts which are payable in the course of a month are called _____________?

A External liabilities

B Fixed liabilities

C Current liabilities

D Liquid Liabilities

Review Detailed Answer

Correct Answer: Current liabilities

Income earned but not received is called ____________?

A Fictitious assets

B Quick asset

C Real asset

D Outstanding asset

Review Detailed Answer

Correct Answer: Outstanding asset

The assets which come into existence upon the happening of a certain event are called__________?

A Contingent assets

B Fixed assets

C Fictitious assets

D Quick assets

Review Detailed Answer

Correct Answer: Contingent assets

The assets which have some market value are called ____________?

A Fixed asset

B Quick asset

C Fictitious assets

D Real assets

Review Detailed Answer

Correct Answer: Real assets

Assets having physical existence are called ___________?

A Current asset

B intangible asset

C Tangible asset

D Liquid asset

Review Detailed Answer

Correct Answer: Tangible asset

When owner withdraw cash for its private use, it is called ___________?

A Profit

B Income

C Expense

D Drawing

Review Detailed Answer

Correct Answer: Drawing

Building and furniture are called ____________?

A Current asset

B Fictitious asset

C Tangible asset

D Fixed assets

Review Detailed Answer

Correct Answer: Fixed assets

Expenses of the following nature are treated as a Revenue expenses except__________?

A Expenses for day to day running of the business

B Putting the new asset in working condition

C Depreciation

D Purchase of raw material

Review Detailed Answer

Correct Answer: Putting the new asset in working condition

Which of these types of expenditure would not be treated as a Capital Expenditure?

A Acquisition of an Asset

B Extension of an Asset

C Improvement of the existing Asset

D Maintenance of the Asset

Review Detailed Answer

Correct Answer: Maintenance of the Asset

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The unsold goods are ______________?

Debts which are payable in the course of a month are called _____________?

Income earned but not received is called ____________?

The assets which come into existence upon the happening of a certain event are called__________?

The assets which have some market value are called ____________?

Assets having physical existence are called ___________?

When owner withdraw cash for its private use, it is called ___________?

Building and furniture are called ____________?

Expenses of the following nature are treated as a Revenue expenses except__________?

Which of these types of expenditure would not be treated as a Capital Expenditure?