Management Sciences – Meta Description Management Sciences covers management, marketing, finance, HRM, and entrepreneurship, helping in decision making, leadership, and competitive exam preparation.

Management Sciences 5308 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.

Depreciation appearing in the Trial Balance should be?

A Debited to P&L A/c

B Shown as liability in Balance Sheet

C Reduced from related asset in Balance Sheet

D Both A. and C. above

Review Detailed Answer

Correct Answer: Debited to P&L A/c

Insurance prepaid is shown as:___________?

A Current Asset

B Current Liability

C Fixed Asset

D Income

Review Detailed Answer

Correct Answer: Current Asset

Outstanding salaries is shown as___________?

A An Asset in the Balance Sheet

B A Liability

C By adjusting it in the P & L A/c

D Both B. and C. above

Review Detailed Answer

Correct Answer: Both B. and C. above

Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?

A Replacement cost – Accumulated Depreciation

B Historical cost – Salvage Value

C Historical cost – Depreciation portion thereof

D Original cost adjusted for general price-level changes

Review Detailed Answer

Correct Answer: Historical cost – Depreciation portion thereof

Net sales equals, sales minus:

A Return outwords

B Return inwards

C cost of goods sold

D carriage on sales

Review Detailed Answer

Correct Answer: Return inwards

_________is the cost of converting raw material into finished products?

A Prime cost

B Explicit cost

C Job order cost

D Conversion cost

Review Detailed Answer

Correct Answer: Conversion cost

Short term Assets expected to be converted into cash within 1 year or less than?

A Current Assets

B Fixed Assets

C Current Assets& current liabilities

D All of the above

Review Detailed Answer

Correct Answer: Current Assets

An income statement in which each item expressed as percentage of Sale?

A Balance sheet

B income statement

C common size income statement

D All of the Above

Review Detailed Answer

Correct Answer: income statement

The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?

A Interest Rate

B Required rate of return

C Nominal interest rate

D All of the above

Review Detailed Answer

Correct Answer: Interest Rate

Period cost include which of the following ?

A selling Expense

B Direct labor

C factory overhead

D selling Expenses & administrative expenses

Review Detailed Answer

Correct Answer: selling Expense

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Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

Depreciation appearing in the Trial Balance should be?

Insurance prepaid is shown as:___________?

Outstanding salaries is shown as___________?

Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________?

Net sales equals, sales minus:

_________is the cost of converting raw material into finished products?

Short term Assets expected to be converted into cash within 1 year or less than?

An income statement in which each item expressed as percentage of Sale?

The compensation paid by the borrower of fund to lender, from the borrower point of the cost of borrowing fund is called?

Period cost include which of the following ?