Question
Select the phrase from the options below that should
replace the underlined phrase in the sentence to make it grammatically and contextually correct. If the sentence is already correct, select 'No correction required' as your answer. She needs to set in a meeting with the manager before the end of the day.Solution
“Set up” means to arrange or establish something, such as a meeting. This is the most appropriate phrasal verb for the given context. The other options don’t make sense in this context: “set down” means to write something, “set aside” means to reserve or save something, “set in” means to begin, and “set off” means to start or trigger something.
A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
Which of the following is an example of transaction in money under GST laws
Which accounting standard governs the treatment of inventories in India?
A bill of exchange drawn on 15th March for 2 months will mature on:
The person in whose Favor a bill is endorsed is called:
The party who is entitled to receive the payment of a bill of exchange is called the:
Accounts relating to income, revenue, gain expenses, and losses are termed as: