Question
Select the most appropriate meaning of the given
idiom. Close fistedSolution
The phrase 'close fisted' means 'unwilling to spend money; mean.'. The word 'miser' means 'someone who has a strong wish to have money and hates to spend it'. Hence, 'close fisted' means 'miserly'.
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What would be the profit as per cash basis of accounting based on the following information:
Revenues on account = Rs.50000
Cash Sales =...
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