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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 process of recording is done?

A Two times a year

B once a year

C Frequently during the accounting period

D At the end of a accounting period

Review Detailed Answer

Correct Answer: Frequently during the accounting period

Assets-Liabilities=____________?

A Cash

B Equity

C Net income

D Net expenses

Review Detailed Answer

Correct Answer: Equity

Current assets – Current liabilities=?

A Capital

B Absorbed capital

C Net assets

D Net working capital

Review Detailed Answer

Correct Answer: Net working capital

An increase in provision for bad debt will____________?

A Decrease net income

B Decrease liabilities

C Increase net income

D Increase liabilities

Review Detailed Answer

Correct Answer: Decrease net income

Depreciation decreases____________?

A Liabilities

B Cash

C Bank

D Capital

Review Detailed Answer

Correct Answer: Capital

Overhead cost is the total of ____________.

A all indirect costs.

B all direct costs.

C indirect and direct costs.

D all specific costs

Review Detailed Answer

Correct Answer: all indirect costs.

If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

A $5,000

B $10,000

C $15,000

D $20,000

Review Detailed Answer

Correct Answer: $5,000

Direct cost incurred can be identified with_______________?

A Each Department

B Each unit of output

C Each Month

D Each Executive

Review Detailed Answer

Correct Answer: Each unit of output

Which of following best describes the increase in equity expands___________?

A Business operations

B cash outflows

C Inflows of cash

D Appropriation expenses

Review Detailed Answer

Correct Answer: Business operations

IFRS 9 explains about?

A Inventory

B Accounts Payable

C Accounts Receivable

D Expenses

Review Detailed Answer

Correct Answer: Accounts Receivable

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The process of recording is done?

Assets-Liabilities=____________?

Current assets – Current liabilities=?

An increase in provision for bad debt will____________?

Depreciation decreases____________?

Overhead cost is the total of ____________.

If Cash=$1000 inventories=$4000 Debtors=$5000 fixed assets=? Capital+Liabilities=$15000 What is the Amount of total assets?

Direct cost incurred can be identified with_______________?

Which of following best describes the increase in equity expands___________?

IFRS 9 explains about?