Management Sciences MCQs – Page 548

✅ C. Cheques deposited and cleared

Option A : Errors in cash book Option B : Errors in pass book Option C : Cheques deposited and cleared Option D : Cheques issued but not presented for payment Correct Answer : Cheques deposited and cleared Read more

✅ B. Known Liabilities

Option A : Unknown Liabilities Option B : Known Liabilities Option C : Creation of Secret Reserves Option D : All the Three Correct Answer : Known Liabilities Read more

✅ C. Discounted present value Method

Option A : Straight line Method Option B : Written down value Method Option C : Discounted present value Method Option D : Sum of digits Method Correct Answer : Discounted present value Method Read more

✅ B. Putting the new asset in working condition

Option A : Expenses for day to day running of the business Option B : Putting the new asset in working condition Option C : Depreciation Option D : Purchase of raw material Correct Answer : Putting the new asset in working condition Read more

✅ A. No flow

Option A : No flow Option B : Sources Option C : Uses Option D : Gain Correct Answer : No flow Read more

✅ A. Current assets and current liabilities

Option A : Current assets and current liabilities Option B : Profit and loss A/C and Balance sheet Option C : Current assets and non-current liabilities Option D : Current liabilities and non-current liabilities Correct Answer : Current assets and current liabilities Read more

✅ D. Trial Balance

Option A : Bank column of Cash Book Option B : Bank Pass Book Option C : Bank Statement Option D : Trial Balance Correct Answer : Trial Balance Read more

✅ A. Mistake in Cash Book

Option A : Mistake in Cash Book Option B : Mistake in Pass Book Option C : Cheque issued but not presented for payment Option D : Cheques deposited but not cleared Correct Answer : Mistake in Cash Book Read more

✅ B. Bank overdraft

Option A : Surplus cash Option B : Bank overdraft Option C : Terms deposits with bank Option D : None of these Correct Answer : Bank overdraft Read more

✅ A. Credit side of Cash Book

Option A : Credit side of Cash Book Option B : Debit side of Cash Book Option C : Debit side of Trial Balance Option D : Credit side of Balance Sheet Correct Answer : Credit side of Cash Book Read more

✅ D. Both and B.

Option A : Cheque issued but not presented Option B : Cheque issued but dishonoured Option C : Cheque deposited and credited by bank Option D : Both and B. Correct Answer : Both and B. Read more

✅ A. sale is effected

Option A : sale is effected Option B : cash is received Option C : production is completed Option D : debts are collected Correct Answer : sale is effected Read more

✅ A. Raw material consumed

Option A : Raw material consumed Option B : Plant purchased Option C : Long term loan raised from bank Option D : Share Capital Correct Answer : Raw material consumed Read more

✅ C. Cost of stand by equipment

Option A : Repair of plant and machinery Option B : Salary paid to workers Option C : Cost of stand by equipment Option D : Annual whitewash of the office building Correct Answer : Cost of stand by equipment Read more

✅ D. Maintenance of the Asset

Option A : Acquisition of an Asset Option B : Extension of an Asset Option C : Improvement of the existing Asset Option D : Maintenance of the Asset Correct Answer : Maintenance of the Asset Read more

✅ C. Intangible Asset

Option A : Nominal A/c Option B : Tangible Asset Option C : Intangible Asset Option D : Fictitious Asset Correct Answer : Intangible Asset Read more

✅ C. Entering in the ledger the information contained in the ledger

Option A : Posting the letters in drop box Option B : Posting suitable person to a suitable job Option C : Entering in the ledger the information contained in the ledger Option D : All the three Correct Answer : Entering in the ledger the information contained in the ledger Read more

✅ C. Ledger

Option A : Subsidiary books Option B : Journal Option C : Ledger Option D : Trial Balance Correct Answer : Ledger Read more

✅ C. Debtors journal

Option A : Cash journal Option B : Purchase journal Option C : Debtors journal Option D : Sales journal Correct Answer : Debtors journal Read more

✅ A. Sales A/c

Option A : Sales A/c Option B : Cash sales A/c Option C : Sales return A/c Option D : Credit sales A/c Correct Answer : Sales A/c Read more