Analyst Questions

Smriti Shriniwas Mandhana becomes World No. 1 ODI batswoman. In June 2018, the Board of Control for Cricket in India named her as the Best Women's International Cricketer.

Variable costs are expenses that vary in proportion to the amount of goods or services that a business produces. 

Examples of variable cost include labor, packaging and raw materials.

An enzyme is a variety of catalyst and is the relation between tham. A catalyst is a chemical that increases the rate of a chemical reaction without itself being changed by the reaction.

A hard copy of a document is a physical object which is printed on printer.

Pollen is a male plant gamete. When microspores produced after meiosis process on microsporangia of male gametophyte undergo mitosis and forms pollen grains.

A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.

The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.