Read the following statements:
(i) Financial statements are only interim reports.
(ii) Financial statements are prepared on the basis of realizable values.
(iii) The preparation of financial statements is not an ultimate aim.
(iv) Certain assumptions are necessary to prepare financial statements.
Which of the following combinations consists of all true statements?
| A. | (i), (ii) and (iii) |
| B. | (ii), (iii) and (iv) |
| C. | (i), (iii) and (iv) |
| D. | (i), (ii) and (iv) |
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Option: D Explanation : Click on Discuss to view users comments. |
Statement - I: The heading for columns and rows are called caption and stub respectively.
Statement – II: Sturge's Rule is used to decide the nature of manifold classification Which of the following is correct?
| A. | Both I and II are false. |
| B. | Both I and II are true. |
| C. | I is true and II is false. |
| D. | I is false and II is true. |
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Option: B Explanation : Click on Discuss to view users comments. |
Market gridding means
| A. | establishing and running a web marketing facility. |
| B. | a method of survey of expert's opinion. |
| C. | managing brands and developing brand equity. |
| D. | an analytical technique which facilitates dividing a market into segments. |
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Option: D Explanation : Click on Discuss to view users comments. |
