Questions

Supply curves tend to be more elastic in the long run, because there is time for firms to enter or leave the industry.

The fourth edition is planned in the CITY OF PEARLS, the silicon valley of India, Hyderabad; the capital of Telangana, India.

An enzyme speeds up a reaction by lowering the activation energy which is done by catalysts to increase the rate.

The World Music Day is celebrated across the world on 21 June.

The day is also known as 'Fete de la Musique' after a music festival that began in France in 1982.

This Day was first celebrated on 21st June 1982.

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.