Question
In the question below, three statements are given
followed by the conclusions. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts. Statements: Only Towel are Shampoo. All Soap are Towel. No Towel is a Bucket. Conclusions: I. Some Soap being Shampoo is not a possibility. II. No Soap is a Bucket.Solution
Conclusion I will follow as Shampoo cannot have a positive relation with anyone. All Soap are Towel (A) + No Towel is a Bucket (E) → No Soap is a Bucket (E). Hence conclusion II follows.
Which of the following is an example of transaction in money under GST laws
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
Noting charges are ultimately borne by the:
Which accounting standard governs the treatment of inventories in India?
The term 'Days of Grace' in relation to a bill of exchange refers to:
When a bill is discounted with the bank, the party that bears the loss if the bill is dishonored at maturity is the:
A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:
Mr. X draws a bill on Mr. Y for ₹1,00,000 payable after 3 months. Mr. Y accepts the bill but fails to honour it on maturity. What is this act called i...
The party who is entitled to receive the payment of a bill of exchange is called the:
Noting charges are recoverable from:
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