Bank PO Questions

Every year on 24th October, United Nations Day is celebrated to commemorate the day of United Nations formation. 

The United Nations is an intergovernmental organization that was tasked to maintain international peace and security, develop friendly relations among nations, achieve international co-operation and be a centre for harmonizing the actions of nations. I was started on 24 October 1945.

Social Darwinism was a prominent intellectual theory that was used to justify European Imperialism in the 19th and early 20th centuries.

Social Darwinism held that those made better or worse by industrialization were based on the natural predisposition of the people effected. For those who were made better off, the success of those people demonstrated that they had a well-evolved culture and this expansion would help remove or improve underperforming cultures, which were those "chosen" by the fact that they were performing poorly.

Imperialism may encompass a broad range of meanings, including the foreign occupation of one nation by another; one society's control of the internal politics of another; and, especially, foreign extraction of a less powerful nation's natural resources and/or exploitation of its indigenous human resources.

All in all, according to the Social Darwinist, Imperialism was the natural expansion and success of a well-evolved culture and this expansion would help remove or improve underperforming cultures.

The Norman invasion of England in 1066 is the historical event recorded by the Bayeux Tapestry.

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.