Question
Statement: The alumni of the institute returned to
rescue crumbling building of 112-year-old alma mater. I. The Building of the institute was built 112 years ago at the time of its inception II. The alumni visited the institute after a long period of time. In each question below a statement is given followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Solution
We can’t make out when was the building constructed. We also don’t know if the alumni had not visited the school in the interim, hence both assumptions are not implicit and option 4 is the correct answer.
Under which menu heading does a balance sheet fall in Tally ERP 9?
Which of the following correctly defines a Bridge Loan?
A central PSU adopts sovereign guarantee-backed debt for a ₹2,000 crore infrastructure project. What impact will this have on its cost of capital?
Bank A/c is generally maintained in the ___?
Following information is available regarding an organization:
Direct material purchased: 1,50,000
Direct material consumed: 80,000
...
What is project financing?
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed O/H absorption rate is 1.5 per unit, what is the break even point in Qty if the bu...
When book profits are less than taxable profits:
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
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