Accrued expenses are incurred but not yet paid or recorded. It should have been included in the liabilities side of the balance sheet in the accrued month. Also, as outstanding expenses in profit and loss statement. Without this entry, net income and owners’ equity are overstated, while liabilities are understated.
Statements: K @ L; M & O, N % L, K $ O
Conclusions: I. O @ L II. M @ L III. K # N
...Statement:
No one is two.
A few two are three.
Only one is four.
Conclusion:
1. All two being three is a possibili...
Statements: S > T ≥ U ≥ V; W < X = V > Y
Conclusions: I. Y > T ...
Statements: A > B; C > D; E ≥ A; F = C; C < B
Conclusions:
(i) B > D
(ii) A > F
(iii) F < E
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Statement: S ≤ M < X = H ≥ B ≥ K < V
Conclusion: X > K, K = X
Statements: Only heater are blowers. Some geyser are cable. Only a few heater are geyser.
Conclusions: I. Some cable are heater. II. Some heater ...
Statement:
Small amounts of oil can cause coral reef fish to engage in risky behaviours, according to a new study.
Which of the following ...
Statements: B & T, K ⋆ B, S ⋆ K
Conclusions: a) K ⋆ T b) S # T
...In a party, every couple has at least one child (all minors) with them and there are 12 couples. Which one of the following inferences would be possible?
