Question
Read the given statements and conclusions carefully.
Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follows from the statements. Statements: All silvers are gold. All gold are diamonds. All platinum are diamonds. Conclusions: Â I. Some gold are platinum. II. Some platinum are silvers.Solution
All platinum are diamonds (A) + [All gold are diamonds (A) → Conversion] → Some diamonds are gold (I)  → No conclusion. Hence conclusion I does not follow. All silvers are gold (A) + All gold are diamonds (A) → All silvers are diamonds (A) +  [All platinum are diamonds (A) → Conversion] → Some diamonds are platinum (I)  → No conclusion. Hence conclusion II does not follow.
Which of the following is an example of transaction in money under GST laws
A bill of exchange drawn on 15th March for 2 months will mature on:
The person in whose Favor a bill is endorsed is called:
The term 'Days of Grace' in relation to a bill of exchange refers to:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
A bill of ₹50,000 discounted @12% p.a. for 3 months. Bank discount = ?
Mr. Arvind drew a bill of exchange of ₹1,00,000 payable after 3 months on Mr. Rohit, who accepted the bill. Before maturity, Mr. Arvind endorsed the b...
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.4,00,000 and Income tax rate is 30%, what will be the op...
Which accounting standard governs the treatment of inventories in India?
The party who is entitled to receive the payment of a bill of exchange is called the:
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