Question
Which of the following is a limitation of accounting
that can affect the accuracy and usefulness of financial statements?Solution
While financial statements are an important tool for analyzing a company's financial performance, they are limited in their ability to reflect future events or changes in market conditions. This is because financial statements are based on historical data and do not take into account changes in economic conditions, technological advancements, or shifts in consumer preferences that may impact a company's future performance.
A statement is given, followed by four conclusions given in the options. Find out which conclusion is true based on the given statement.
Statemen...
Statements: R < S = T ≤ U < X < V, W = J ≥ Z = V
Conclusions:
I. X > W
II. U ≤ Z
III. J ≥ XStatements: D > C ≥ A ≤ B = F, G ≤ K < L < C
Conclusion:
I. D > G
II. C > G
III. K ≤ B Â
Statements: N ≥ P > E ≥ B < I ≤ G ≤ M; O ≤ B
Conclusions:
I. B < N
II. G ≥ O
III. P < I
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
Statements: L < M > P ≥ Q; N > O > M
Conclusions:
I. N ≥ Q
II. O > L
III. L = QÂ
In which of the following expressions will the expression ′Q < P′ does not hold true?
Statements: B ≤ C < E; B ≥ G < H; G > I ≥ L
Conclusions:
I. G ≤ C
II. H ≥ L
III. G > E
Statement: P < Q; V < S > T; V < U > Q
Conclusion: I. T ≥ P      II. P > T
Statements: Â S * K, T $ K, K @ B
Conclusions:Â Â Â Â Â a) S $ BÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â b) S @ B
...
