CAT Questions

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Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.

Accounting principles and guidelines include :

* Business Entity Assumption

* Accounting Period

* Historical Cost Concept

* Full Disclosure Principle

* Cost Principle

* Matching Principle

* Materiality

* Monetary Unit Assumption.

Sunil Arora, appointed as the new Chief Election Commissioner of India.

India’s heaviest satellite GSAT-11 launched successfully from French Guiana. GSAT-11 is going to provide high data connectivity of 16 GBPS to the country.

Executive Branch of government is responsible for enforcing laws.

Foot ball game lasts for 60 minutes in total. It is divided into 4 quarters of 15 minutes each and two halves of 30 minutes each.