Question
A fire destroyed a warehouse on 15 April, after year-end
31 March but before statements were authorised. Insurance claim will cover most losses. Should this be adjusted in the 31 March accounts?Solution
Fire occurred after year-end and did not relate to conditions existing at 31 March. Hence it is a non-adjusting event; disclose if material, but no adjustment.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varian...
Statement:
All arts are physics
All accounts are physics
Conclusion:
I. Some physics are arts.
II. Some account...
Statement:
Only a few internet are system.
All system are network.
Only network is intranet.
No network is browse. ...
Statements:
No tyre is metal.
No steel is aluminium.
Only a few aluminium are copper.
All steel are metal.
Conclusio...
In the question below some statements are given followed by two conclusions I and II. You have to take the given statements to be true even if they see...
Statements:
90% English is Hindi
None of Hindi is Commerce
Only a few Commerce is Science
Conclusions:
I) Some C...
Two statements are given followed by two conclusions, numbered I and II. Assuming that the information given in the statements is true, even if it seems...
Two statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with co...
Statements :
Some red are yellow.
All yellow are green.
All green are pink.
Conclusions : �...
Two statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at variance ...
