All the material information must be recorded and what is material is subjective, and depends on the organization in the question. Materiality Convention states that only the material/ significant transactions should be recorded and trivial transactions can be ignored.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
No slim is weak
All weak is lean
Some lean is fat
Mostly lean is big
Conclusions:
I. ...
Statements:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Only boys are girls.
                               Â...
Statements:
Only a few Adidas are Nike
All Nike are Puma
No Nike is a Reebok
Conclusions:
I. All Puma being ...
Statements:
Only a few Oranges is Apples.
Only a few Pear is Oranges.
No Pear is Mangoes.
Conclusion:
I. N...
Statements:
A few Platform are Train
Only a few Train are SUV
Only Car are Bus
No SUV are Car
Conclusions:
I. ...
Statements: Some pins are mirrors. Â
All mirrors are boxes.
Conclusions:I. Some boxes are pins.Â
 II. Some boxes are mirrors.
Statements : Some eggs are chickens.
No chicken is a hen.
No hen is a pigeon.
Conclusions : I. Some eggs may be hens.
II....
Statements: All AC are Fans.
All Fans are Coolers.
Conclusions: I. All AC are Coolers.
II. Some Fans are AC.
III. No AC i...
Statement:
I) No A is B
II) No B is C
III) Some D are C
IV) All D are E
Conclusion:
I) Some E are not D
II) Some A are C
III) No C is A
