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The general principle of conservatism in accounting is also known as the principle of prudence. It requires accountants to be cautious and avoid overstating assets and income, while recognizing potential losses and liabilities.
Statements:
Only a few player is team
Only a few team is sport
No sport is game
Conclusions:
I. All team can be playe...
Statement:
I) No A is B
II) No B is C
III) Some D are C
IV) All D are E
Conclusion:
I) Some E are not D
II) Some A are C
III) No C is A
Statement:
Some pens are erasers.
Only a few erasers are sharpeners.
All sharpeners are copies.
Conclusion:
I. Some p...
Statements:
All ribbons are mat.
Some mats are ropes.
No rope is a thread.
All thread is a needle.
<...Statements: All milks are teas.
Some teas are coffees.
Conclusions I. Some teas are milks.
II. Some coffees are milks.
...Statement:
Some Red are Blue.
Only a few Blue are Green.
Conclusion: �...
Statements:
Some diamonds are golds.
Some golds are marbles.
Conclusions:
I. Some diamonds are marbles.
II. S...
In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
Statements:
Only a few Auctions is Sales.
Only a few Costs is Auctions.
No Cost is Inventory.
Conclusions:
Statements: All circle are bangle.
Some bangle are square
Conclusions I. Some circle a...
