Question
Which of the following statement is correct?
Study the following information carefully and answer the questions given below. Eight persons A, B, C, M, N, O, Y and Z are sitting in straight line. Some of them are facing north while some of the facing south but not necessarily in the same order. Y sits at one of the extreme ends of the line. Only three persons sit between O and Y. A sits second to the right of O. Both C and B are facing the same direction. M faces north. N sits to the immediate right of Y. C sits third to the right of B. Both O and N face the same direction as A. Only three persons sit between M and Z. O sits to the immediate left of M. Z is not facing the same direction as Y. Both the immediate neighbors of M face opposite directions.Solution
Y sits at one of the extreme ends of the line. Only three persons sit between O and Y. N sits to the immediate right of Y. O sits to the immediate left of M. M faces north. Case-1 Only three persons sit between M and Z. Z is not facing the same direction as Y. C sits third to the right of B. Both C and B are facing the same direction. A sits second to the right of O. Both the immediate neighbors of M face opposite directions. Both O and N face the same direction as A. Hence, case 1 gets eliminated.
A trader has current assets of ₹6,00,000, including ₹80,000 cash, ₹1,20,000 accounts receivable, ₹3,00,000 inventory, and ₹1,00,000 marketable...
Deduction in respect of royalty income of authors under Chapter VI is allowed under Section:
Ashutosh is a horse dealer. Tausif approaches Ashutosh for a horse. Ashutosh lends a horse which he knows to be vicious, to Tausif. Ashutosh doesn't dis...
ABC Ltd. reports two inventory items: Item A – Cost ₹10 lakh, NRV ₹12 lakh; Item B – Cost ₹8 lakh, NRV ₹6 lakh. How should inventory be valu...
What does ERP stand for?
Which of the following is an example of how departmentalisation allows for suitable costing methods?
Modigliani-Miller (MM) Approach is based on some assumptions. Which of the following is not an assumption of MM Approach?
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
Which of the following is NOT a component of an accounting system?
Which of the following is considered as ‘fraud’ under the Indian Contract Act, 1872?