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Question : When some companies, in order to cover up their bad financial position resort to ----------- i.e., showing a better position than the one which really exists. They change their balance sheet in such a way that the important facts and truth may be concealed.

Option 1: Book keeping 

 

Option 2: Accounting 

Option 3: Accountancy 

Option 4: Window dressing 

Team Careers360 22nd Jan, 2024

Correct Answer: Window dressing 


Solution : Answer = Window dressing 

Window dressing refers to the practice of manipulating financial statements to present a more favourable picture of a company's financial position and performance than is the case. This may involve selectively disclosing information, altering accounting methods, or engaging in transactions solely to improve the appearance of stakeholders or investors.
Hence, the correct option is 4.

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Question : Select the option that can be used as a one-word substitute for the given group of words.

One who is bad at spelling.

Option 1: Cartographer

Option 2: Cacographer

Option 3: Chauffer

Option 4: Calligrapher

Team Careers360 25th Jan, 2024

Correct Answer: Cacographer


Solution : The correct choice is the second option, cacographer.

A cacographer is someone who has poor handwriting or spelling abilities. It refers to a person who writes or spells poorly, often producing illegible or error-filled written work.

The meanings of the other options are as follows:

  • cartographer is a person who creates maps. They specialise in the study and practice of the creation of accurate and detailed maps. 
  • chauffeur is a person employed to drive a private or hired car for someone else.
  • calligrapher is an artist who practices the art of calligraphy. Calligraphy is the artistic and skilled practice of beautiful handwriting or decorative lettering.
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Question : Writing off bad debts against the provision for doubtful debts; would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent

Team Careers360 11th Jan, 2024

Correct Answer: Neither inflow Nor outflow


Solution : Answer = neither inflow nor outflow of cash

If bad debt is written off against provision for doubtful debts would result in no flow of cash
Provision for doubt full debt A/ C Dr
To Bad debts A/c
Hence, the correct option is 3.

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