Question
The purpose of trial balance is to know about the :
Solution
A trial balance is a accounting report that lists the balances in each of the company's general ledger accounts. Since accounting is done on a double-entry system, the total of debit and credit balances should be equal. A disagreement in the trial balance indicates an error and therefore a trial balance helps in checking the arithmetic accuracy of preparation of accounts.
Time Reversal Test is satisfied by
What does the Weak Axiom of Revealed Preference (WARP) state?
What do you mean by ‘under conditions of a perfect competition in the product market’?
Consider an economy described by the following equations:
 C = 100 + 0.6 ∗ (Y − T) (consumption function)
A decrease in the tax to GDP ratio indicates which of the following:
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Slowing economic growth rate
 If two dice are thrown together, what is the probability of getting an even number on one dice and an odd number on the other dice?
Autocorrelated errors is about
Zia wants to increase total revenue at his restaurant. The price elasticity of demand for several dishes that he serves are given in the table...
Leontief Preferences are related to
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