CAT Questions

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Fat-soluble vitamins except are the vitamins that are not soluble in water and are only absorbed when taken with higher fat food.

There are 4 types of fat soluble vitamins. They are :

• Vitamin A
• Vitamin D
• Vitamin E
• Vitamin K

Water soluble vitamins are Vitamin B and Vitamin C.

Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.

You have already recorded the Rs. 100 in your accounts receivable, and you need to eliminate that amount. As you use double-entry accounting, you must record a Rs. 100 credit to your accounts receivable and a Rs. 100 debit to your allowance for doubtful accounts or your bad debts expense column.

The phrase refers to a specific, rational purpose in what one is doing or planning, even though it may appear crazy or absurd to another person.

Revenue should be recognized when it is realized or when it is earned. When a service is performed something is earned and revenue should be recognized.

Ancient rock paintings have been found in Spain and France.