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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.

Goodwill A/c is a/an__________?

A Nominal A/c

B Tangible Asset

C Intangible Asset

D Fictitious Asset

Review Detailed Answer

Correct Answer: Intangible Asset

Which of the following is a Nominal A/c ?

A Outstanding Salary A/c

B Rent A/c

C SBI A/c

D Debtors A/c

Review Detailed Answer

Correct Answer: Rent A/c

Which of the following is a representative Personal A/c?

A Outstanding Salary A/c

B Rent A/c

C SBI A/c

D Bad debts A/c

Review Detailed Answer

Correct Answer: Outstanding Salary A/c

Which of the following is a Real A/c?

A Salary A/c

B Bank A/c

C Building A/c

D Goodwill A/c

Review Detailed Answer

Correct Answer: Building A/c

Which of these is a Part of cash in hand?

A Postage stamps

B B/R

C Cheque Deposited with Bank

D B/R endorsed

Review Detailed Answer

Correct Answer: Postage stamps

Petty cash balance is a/an___________?

A Assets

B Expenditure

C Liability

D None

Review Detailed Answer

Correct Answer: Assets

Which column of a cash book will not have credit balance___________?

A Bank column

B Discount column

C Cash column

D None

Review Detailed Answer

Correct Answer: Cash column

The closing balance of a petty cash book is a / an___________?

A Liability

B Gain

C Assets

D Loss

Review Detailed Answer

Correct Answer: Assets

Which of these transactions will not be recorded in cash book?

A Cash received from debtors

B Cash paid to creditors

C Salary remained outstanding

D Cash deposited with bank

Review Detailed Answer

Correct Answer: Salary remained outstanding

In a three column cash book_______________does not exist?

A Cash column

B Bank column

C Petty cash column

D Discount column

Review Detailed Answer

Correct Answer: Petty cash column

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

Goodwill A/c is a/an__________?

Which of the following is a Nominal A/c ?

Which of the following is a representative Personal A/c?

Which of the following is a Real A/c?

Which of these is a Part of cash in hand?

Petty cash balance is a/an___________?

Which column of a cash book will not have credit balance___________?

The closing balance of a petty cash book is a / an___________?

Which of these transactions will not be recorded in cash book?

In a three column cash book_______________does not exist?