Question
In the question below, there are three statements
followed by three conclusions I, II, and III. You have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given conclusions logically follows from the three statements disregarding commonly known facts. Statements: All Wound are Burn A few Burn are Acids No Cream are Acids Conclusions: I. No Cream is Burn II. Some Wound are Acids III. Some Wound are not CreamSolution
A few Burn are Acids (I) + No Acids are Cream (E) → Some Burn are not Cream (O). Hence conclusion I does not follow.
All Wound are Burn (A) + A few Burn are Acids (I) → No conclusion. Hence conclusion II and III do not follow.
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What would be the profit as per cash basis of accounting based on the following information:
Revenues on account = Rs.50000
Cash Sales =...