Q:

Generally accepted accounting principles are

Answer

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.

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Subject: Accounts Payable Exam Prep: AIEEE , Bank Exams , CAT
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1 2169
Q:

Which characteristic is a property of molecular substances?

A) good heat conductivity B) high melting point
C) good heat conductivity D) low melting point
 
Answer & Explanation Answer: D) low melting point

Explanation:

The substances in which two or more atoms are attached together are called as molecular substances. 

 

Properties of molecular substances ::

 

1. Molecular substances are bonded with covalent bonds

2. Bad heat conductivity

3. Bad electrical conductivity

4. Have low melting points.

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Filed Under: Chemistry
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2 1781
Q:

Which of the following is not an autoimmune disease?

A) Vitiligo B) Alzheimer's
C) Rheumatoid arthritis D) Psoriasis
 
Answer & Explanation Answer: B) Alzheimer's

Explanation:

Auto-immune disease :: Sometimes, due to genetic and other unknown reasons, the body attack self-cells. This results in damage to the body and is called auto-immune disease.

 

From the options,

-> Rheumatoid arthritis is an autoimmune disorder in which antibodies are produced against the synovial membrane and cartilage.

-> Vitiligo causes white patches on skin also characterised as autoimmune disorder.

-> Psoriasis is a skin disease that causes itchy or sore patches of thick red skin and is also autoimmune.

-> Alzheimer's disease is a chronic neurodegenerative disease. Alzheimer's disease is due to deficiency of neurotransmitter acetylcholine.

 

Hence, Alzheimer's is not the auto-immune disease.

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Filed Under: General Science
Exam Prep: AIEEE
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2 1355
Q:

Which of the following statements about vitamins is true?

A) Vitamins have a small caloric value B) Vitamins can serve as an energy supply for the body if certain criteria are met
C) Like protein and some minerals, vitamins contribute to the structure of the body D) Vitamins are indispensable for the maintenance of optimal health
 
Answer & Explanation Answer: D) Vitamins are indispensable for the maintenance of optimal health

Explanation:

Vitamins are indispensable for the maintenance of optimal health is the only statement that is true about vitamins.

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Filed Under: Biology
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3 1288
Q:

Which city is known as the City of Prime Ministers?

A) Allahabad B) Varanasi
C) Hyderabad D) Ahmedabad
 
Answer & Explanation Answer: A) Allahabad

Explanation:

Allahabad is known as the City of Prime Ministers because seven out of 15 prime ministers of India since independence have connections to Allahabad(Jawaharlal Nehru, Lal Bahadur Shastri, Indira Gandhi, Rajiv Gandhi, Gulzarilal Nanda, Vishwanath Pratap Singh and Chandra Shekhar).

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Filed Under: Famous Places
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3 2838
Q:

Teressa Island is located in which union territory of India?

A) Andaman & Nicobar B) Pondicherry
C) Delhi D) Lakshadweep
 
Answer & Explanation Answer: A) Andaman & Nicobar

Explanation:

Teressa Island is located in Andaman & Nicobar of India.

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Filed Under: Indian Geography
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6 2503
Q:

India's only Naval Aviation Museum is located in which state?

A) Kerala B) Goa
C) Tamil Nadu D) Karnataka
 
Answer & Explanation Answer: B) Goa

Explanation:
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Filed Under: Indian Geography
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5 1702
Q:

Which country become the 1st country in Asia to legalise same-sex marriage?

A) Vietnam B) South Korea
C) Taiwan D) Philippines
 
Answer & Explanation Answer: C) Taiwan

Explanation:

The 1st country in Asia to legalise same-sex marriage is Taiwan.

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Filed Under: General Awareness
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6 1305