Question
‘Trivial transactions can be ignored’. Which of the
following accounting convention is true in context of this statement?Solution
All the material information must be recorded and what is material is subjective, and depends on the organization in the question. Materiality Convention states that only the material/ significant transactions should be recorded and trivial transactions can be ignored.
‘Greedy’ is related to ‘Generous’ in the same way as ‘Vindictive’ is related to:
If 49 @3 = 58 and 44 @ 13 = 213, then 52 @ 5 = ?
Select the option that is NOT like the given set.
(8, 40, 56)
House: Rent :: Capital: ?
Select the combination of letters that when sequentially placed in the blanks of the given letter series will complete the series.
R _ _ T U V...
Select the option that is related to the third letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster.
<...Choose the word which is different from the rest
Select the option that is related to the fifth letter-cluster in the same way as the second letter-cluster is related to the first letter-cluster and t...
Select the option in which the numbers are related in the same way as the numbers in the following set.
[36, 18, 36]
[54, 29, 50]
...Select the option that is related to the third number in the same way as the second number is related to first number and the sixth number is related to...
