CAT Questions

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Dr. BR Ambedkar was elected to Constituent Assembly from West Bengal.

We know that,

P.W = 100×T.D/R×T

= 100×168/14×2

P.W = 600.

Now, required Sum = (P.W. + T.D.)

= Rs. (600 + 168)

= Rs. 768.

Someone who receives money in exchange for a promise to pay it back later is called a borrower1, and the person making the loan is the lender.

CFS Scheme means Concessional Financing Scheme. 

Under the CFS, the Govt. of India has been supporting Indian Entities bidding for strategically important infrastructure projects abroad since 2015-16.

The Union Cabinet has recently approved Extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.

Assets minus liabilities equals Equity.

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.