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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

Which of the following is a capital expenditure?
A Repair of plant and machinery
B Salary paid to workers
C Cost of stand by equipment
D Annual whitewash of the office building
Correct Answer: Cost of stand by equipment
Which of the following is a revenue expenses?
A Raw material consumed
B Plant purchased
C Long term loan raised from bank
D Share Capital
Correct Answer: Raw material consumed
Revenue is generally recognized as being earned at that point of time when?
A sale is effected
B cash is received
C production is completed
D debts are collected
Correct Answer: sale is effected
Revenue receipts are shown in___________?
A Balance Sheet
B Profit and Loss appropriation A/c
C Manufacturing A/c
D Trading and Profit and Loss A/c
Correct Answer: Trading and Profit and Loss A/c
Capital expenses are shown in___________?
A Balance Sheet
B Profit and Loss A/c
C Trading A/c
D None of these
Correct Answer: Balance Sheet
The periodic total of purchase day book is posted to____________?
A Purchase register
B Purchase A/c
C Cash purchase A/c
D Credit purchase A/c
Correct Answer: Purchase A/c
The periodic total of sales day book is posted to___________?
A Sales A/c
B Cash sales A/c
C Sales return A/c
D Credit sales A/c
Correct Answer: Sales A/c
Which of these is not a special purpose journal?
A Cash journal
B Purchase journal
C Debtors journal
D Sales journal
Correct Answer: Debtors journal
A book wherein various accounts are opened is called____________?
A Subsidiary books
B Journal
C Ledger
D Trial Balance
Correct Answer: Ledger
Posting is the process of____________?
A Posting the letters in drop box
B Posting suitable person to a suitable job
C Entering in the ledger the information contained in the ledger
D All the three
Correct Answer: Entering in the ledger the information contained in the ledger
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