Question
Three statements are given followed by three
conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements. Statements: All oranges are apples. All apples are grapes. Some grapes are pears. Conclusions: I. Some oranges are pears. II. Some grapes are apples. III. Some apples are oranges.Solution
All oranges are apples (A) + All apples are grapes (A) → All oranges are grapes (A) + Some grapes are pears (I) → No conclusion. Hence conclusion I does not follow. All apples are grapes (A) → Conversion → Some grapes are apples (I). Hence conclusion II follows. All oranges are apples (A) → Conversion → Some apples are oranges (I). Hence conclusion III follows.
For every debit there will be an equal credit according to
Which of the following is not true about capital reserves?
Which of the following statement is incorrect?
An annuity that starts at a predetermined date in the future is called as:
State which statement is correct:
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
Interest coverage ratio can be numerically expressed in the form of the following equation:-
A company produces a single product with the following cost structure:
• Selling price per unit: ₹500
• Variable cost per unit: ₹3...
Under cash basis accounting, revenue is recorded when:
Which of the following is an example of an adjusting journal entry?
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