Question
Owners’ equity is shown as the liability in the
balance sheet. This is based on the accounting concept:Solution
Business entity concept is one of the accounting concepts that states that business and the owner are two separate entities and therefore, should be considered separate from each other. As per this concept, the financial transactions pertaining to the business entity should be recorded separately from the business owners transactions.
Statements: B > C = D > H ≥ A; B ≤ D = F ≤ E < G
Conclusions:
I. H < E
II. B ≤ E
...Which of the following is true in the given expression?
 G < H ≤ I, V ≥ W = G, R ≤ I = A
In the question, relationship between some elements is shown in the statements (s). These statements are followed by two conclusions. Read the stateme...
Statements: Q ≤ B = S < U > M ≥ Z
Conclusion: I. U > Q II. S ≤ Z
...Statements: R = S ≥ T, U < Q < W = T, U = Z > V
Conclusions:
I. R > U
II. S ≥ Z
 III. V < T
Statements:
A ≤ B < C > K; C < S > T; T < U < V
Conclusions:
I). Â A < S
II).  A ≥ S
...Statement: H > G = M > S; GÂ `>=` Â T > L; MÂ `<=` Â F <Â Â U
Conclusion: Â I. F > SÂ Â Â Â Â Â Â Â Â Â Â II. T < H
...- Statements: P > Q ≥ R < S; T ≤ R > U ≥ V
Conclusions:
I. S > V
II. U < P
III. Q > T Which of the following symbols should be placed in the blank spaces respectively (in the same order from left to right) in order to complete the given e...
Statements: S > U ≥ V = X, Y < M < X, Y = T ≥ W
Conclusions:
I. S > Y
II. M ≤ U
III. W < X
Relevant for Exams:
