Questions

Badrinath is situated on the bank of river Alaknanda.

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.

Ilbert  Bill  was  introduced  in  1883 by  Viceroy  Ripon.  It  proposed  to grant  limited  criminal  jurisdiction to  native  officials  over  European British    subjects    living    in    the districts under their charge.It also allowed Indian judges and magistrates  the  jurisdiction  to  try British  offenders  in  criminal  cases. After opposition from Europeans in Britain as well as India, the bill was withdrawn  and  reintroduced  after amendment  saying  that  a  jury  of 50%  Europeans  was  required  if  an Indian    judge    was    to    face    a European.

Separation of an employee exists when the service of an employee comes to an end because of one reason or other. "Separation of employment" refers broadly to the process of managing the termination of employment. It is a sensitive issue for any organization. 

Types of separation:

1) Volunntary:

a) Resignation
b) Job abandonment
c) Retirement

2) Involuntary:

a) Layoff
b) Dismissal
c) Plant closure
d) Death or Disability.

The scarcity definition of economics is credited to Lionel Robbins.