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Category: Management Sciences Mcqs

Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true??

June 30, 2019 BILAL KHATTAK0

A. The bad debt expense is not matched with the related sales
B. Revenue is overstated in the year of sales
C. It violates the matching principle of accounting 
D. All of the above
 

Goods returned by customer should be debited to which of the following accounts??

June 30, 2019 BILAL KHATTAK0

A. Sales income account
B. Sales account 
C. Return inward account
 
D. Expenses account

Product costs include which of the following??

June 30, 2019 BILAL KHATTAK0

A. Selling expenses
B. General expenses 
C. Manufacturing overhead
 
D. Administrative expenses

Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced??

June 30, 2019 BILAL KHATTAK0

A. 5,80,000 
B. 5,50,000
C. 5,00,000
D. 5,75,000

If unexpired insurance appears in the Trial Balance, it should be:?

June 29, 2019 BILAL KHATTAK0

A. Credited to the Profit

Which of the following best describes the primary purpose of audit programme preparation??

June 27, 2019 BILAL KHATTAK0

A. To detect errors or fraud
B. To comply with GAAP appropriate evidence 
C. To gather sufficient
 
D. To assess audit risk

Standard Corporation sold fully depreciated equipment for Rs.5,000. This transaction will be reported on the cash flow statement as a(n):?

June 27, 2019 BILAL KHATTAK0

A. Operating activity 
B. Investing activity
 
C. Financing activity
D. None of the given options Read More about this Mcq

systematic and orderly process of determining the worth of a job in relation to other jobs is ____________??

June 26, 2019 BILAL KHATTAK0

A. worth job specification
B. job description 
C. job evaluation
 
D. job identification

Which of the following is closely associated with strategic human resource management??

June 26, 2019 BILAL KHATTAK0

A. Infficient utilisation of human resources
B. Not attracting the best human resources
C. Providing Superficial training 
D. Providing Best training methods

Which of the following ratios are intended to address the firm’s financial leverage??

June 25, 2019 BILAL KHATTAK0

A. Liquidity Ratios 
B. Long-term Solvency Ratios
 
C. Asset Management Ratios
D. Profitability Ratios Read More about this Mcq


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