Question
In each of the questions, two sentences are given which
are divided into four parts (A), (B), (C) and (D). Both the sentences may have errors in one or more parts or may not have any error at all. You have to find out the parts containing error and mark that alternative as the answer.    I. Microsoft’s statement regarding data security, privacy and storage (A)/ of TikTok data echoes the position taken by India (B)/ regarding ‘data sovereignty’ and it’s concerns about (C)/ Chinese apps sharing data with the Chinese government (D) . The Indian government view data as an economic good (A)/ and hence the data of its citizens should belong to India, (B)/ be bounded by its laws and certain categories of data (C)/  can only be stored within the country (D) .Solution
I- C: ‘It’s’ will be replaced by ‘its’. It’s is a contracted or short form of ‘it is’. While showing possession of something / someone we use ‘its’, as it is the possessive form of ‘it’. II- A: ‘View’ should be replaced by ‘views’ as it is being preceded by the collective noun ‘government’ and not any plural form.    C: ‘Bounded’ will be replaced by ‘bound’ as bounded represents the past tense which will make the sentence grammatically incorrect.
Opening work in process inventory can be calculated as under
If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
Which of the following is NOT a requirement for charging income-tax on capital gains?
According to the dual aspect concept in accounting, how does each business transaction affect the accounts involved?
Which of the following is a use of funds in fund-flow analysis?
_______ is also known as General Ledger Adjustment Account.
According to the Modigliani-Miller (MM) theory (ignoring taxes), what is the impact of debt on the value of a firm?
Which of the following is not considered a general consideration before sourcing accounting software?Â
If the organization has redeemed its preference shares, then this transaction will be reflected in the Cash Flow Statement under which of the activities?
An assessee is required to deposit how much % of advance tax liability on or before 15th June?