Question
A company fails to accrue wages for march that will be
paid in April. The company’s year-end balance sheet liabilities:Solution
Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month. Also, as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
Statements: B > C; D > E = F < G ≥ H; C > I = D
Conclusions:
I. B < E
II. G > E
III. I < B
In each of the following questions, the relationship between different elements is shown in the statements followed by two conclusions. Find the true c...
Statement: D > T > G > C > M; J > C > U
Conclusion:
I. J > M
II. U < D
Which one the following symbols should replace the question mark in the given expression, in order to make the expressions L ≤ I as well as N > K ...
Statements: A ≥ B > C ≥ D < E < F < G
Conclusions: I. Â Â A > DÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. G > C
...Statements: T < U = S ≤ O, C > Y ≥ X, T > K = X
Conclusions :I. O > K
II. C < T
III. U > K
<...Statements: V ≤R = W ≥ Q, U = T ≥ S < X, U < Q
Conclusions: I. V < Q II. Q > X
Relationship between different elements is shown in the statements. Find if the conclusions also follow or not.
Statements: J ≥ Q = W ≥ D <...
In the question assuming the given statements to be true, find which of the conclusion(s) among given three conclusions is/are definitely true and then...
Statements:
B < C ≤ I = O; C ≥ J ≥ K ≥ N; Z ≤ M ≤ N
Conclusions:
I) O > Z
II) O = Z
...Relevant for Exams:
