Question
Provision for Bad Debts is required to be maintained in
the books as per which principle?Solution
Conservatism principle states that Record for the anticipated losses and Expenses. Example-Provision for Doubtful debt - The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now. Also, Valuation of Inventory is done at Cost or Net Realizable Value, whichever is less.
Select the most appropriate indirect form of the given sentence.
I said to Promod, “How did you break your leg?”
“Hurry up, get in the bus” the conductor said to us.
The teacher said to the children,"The sun always sets in the west."
Select the option which correctly converts the given sentence into indirect speech.
The old man said, "Farewell my friends. May you live in peace...
He said that he ____________ the cycle to the repair shop the previous day.
He will say, ‘I am very busy.’
Select the most appropriate indirect/direct form of the given sentence.
He said to me, “if I were a king, I would help you”
Ramesh asked me to bring him a glass of water.
The lady said to the plumber, “Why didn’t you come last week? The RO machine has been making some noise for the last ten days.”
He said, "Why did you give up your job?"
