Exams

Reconciling the bank statement monthly is an example of independent internal verification

Absolutely. Two examples involve unsustainable improvements in working capital (a company is selling off inventory and delaying payables), and another example involves lack of revenues going forward in the pipeline.

The given sentence 21 is 35 of what number means that 

21 is 35 % of what number

Let that number be P

=> 35P/100 = 21

35P = 2100

P = 2100/35 = 300/5 = 60

Hence, 21 is 35 of 60.

IPR's stands for Intellectual Property Rights. Intellectual property is the product of the human intellect including creativity concepts, inventions, industrial models, trademarks, songs, literature, symbols, names, brands,....etc.

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the U.S. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline.

The prime cost calculates the use of raw materials and direct labor, but does not factor in indirect expenses, such as advertising and administrative costs.

Supervisor's wages doesn;t come under prime cost.