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Bank Reconciliation Statement
 
Meaning and Scope of Accounting
 
Accounting Conventions and as Discipline
 

Demo LessonsDemo Lessons

Notice BoardQuantitative Ability Teaser

A father runs after his son,who is 1000 meters ahead.The father runs at a speed of 1 kilometer every 8 minutes,and the son runs at a speed of 1 kilometer every 12 minutes.How much distance has the son covered at the point when the father overtakes him?
Choose correct answer:
2500 meters
2000 meters
1500 meters
1000 meters

BooksEconomics Teaser

Ceteris Paribus, the demand of a commodity is ______________related to its price

Choose correct answer:
directly
inversely
proportionately
Both a & c

LogicalAccounting Teaser

A cash sales of Rs 1,500 to Lakshmi omitted to be posted

Choose correct answer:
in an error of omission.

will not affect the trial balance.

will affect the profit.

None of these.

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Notice BoardMercantile Law Teaser

Commercial impossibility means that the performance will result in a loss to the promisor. In case of such Commercial Impossibility –

Choose correct answer:
Performance cannot be executed.

Parties are not discharged from performance.

Neither (a) nor (b).

Both (a) and (b).

 
 
 
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