Analyst Questions

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.

Sensation is the activation of the receptors by stimuli.

Mercury is the only metal that is in liqid form at room temperature. Caesium, Gallim and Rubidium are also metals that are in liquid form but at slightly high temperature than the room temperature.

China shares land borders with 14 different countries, the longest being with Mongolia followed by Russia and then India.

MS Dhoni, the skipper of CSK - Chennai Super Kings team in IPL Indian Premier League has become the first-ever captain to win 100 matches in IPL history.

From the cornea, the light passes through the pupil. From there, it then hits the lens, the transparent structure inside the eye that focuses light rays onto the retina. The iris, or the colored part of your eye, regulates the amount of light passing through. 

In the case of, "Price rises and demand is inelastic", the total revenue increases.

An improvement in technology would shift the supply curve rightward.