Question
In each question below are given two statements
followed by two conclusions numbered I and II. You have to take the two given statements to be true even if they seem to be at variance with commonly known facts and then decide which of the given conclusions logically follows from the two given statements, disregarding commonly known facts. Give Answer: . Statement: Some theatres are halls. No screen is a theatre. Conclusions: I. Some halls are screens. II. Some halls are not screens.Solution
No screen is a theatre (E) + Some theatres are halls (I) ⇒ Some halls are not screens (O*). Hence conclusion I does not follow but conclusion II follows.
Which of the following best describes a journal in accounting?
Which of the following is true about sales tax and VAT?
Under the simplified procedure for working capital finance to Micro and Small Enterprises (MSEs) with working capital limits of up to Rupees five crore,...
When a transaction of supply of goods/services is made between two persons who are not related to each other and price is the sole consideration for the...
A company manufactures two products, A and B. The contribution per unit for A is ₹50 and for B is ₹60. Each unit of A requires 4 machine hours, and ...
Once the Prospectus is filed with the Registrar of Companies, it is valid for how many days?
Under Ind AS, impairment of an asset requires:
SA 700 deals with:
A company has a standard direct material cost of ₹10 per unit. Actual cost incurred was ₹12 per unit for 1,000 units. 950 units were actually produc...
Given: Total Assets ₹250 lakh; Equity ₹100 lakh; Long-term Debt ₹80 lakh; Current Liabilities ₹30 lakh; Current Assets ₹70 lakh. Calculate Deb...