Correct Answer: Nominal A/c

Solution : To keep track of the sale of these assets and the payment of liabilities, a nominal account called the Realisation account is established. This account aids in determining the firm's profit or loss as a result of the realisation of assets and liabilities at the time of business closure.

Hence the Correct answer is option 1.

Correct Answer: Sourcing temporary employees for the holiday season

Solution : The correct answer is (c) Sourcing temporary employees for the holiday season

In this case, the main focus of the HR department at LMN Enterprises is sourcing temporary employees for the holiday season. The challenge involves recruiting and training individuals to meet the temporary increase in workforce demand during the holiday period, which is a common practice in the retail industry to handle peak seasons.

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Correct Answer: The car is being lifted with a crane.

Solution : The correct choice is the second option.

Passive voice is the voice in which the object experiences an action rather than the person who performs the action. Hence, the object in the active sentence becomes the subject in the passive voice.

The structure of the passive sentence in the case of the present continuous tense is: "Object + is + being + past participle form of the main verb + prepositional phrase."

So, the correct sentence would be: "The car is being lifted with a crane."

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Correct Answer: Capital balance

Solution : The correct answer is (d) Capital balance.

The capital balance, also known as the financial account, is a separate component of the balance of payments. It records the flows of financial assets and liabilities between a country and the rest of the world, including foreign direct investment, portfolio investment, and changes in reserve assets.

Correct Answer: Arunachal Pradesh

Solution : The correct option is Arunachal Pradesh.

Losar is celebrated in Arunachal Pradesh, which is a state in northeastern India. The festival is observed with enthusiasm by the Tibetan communities and other related ethnic groups in the region. It marks the beginning of the Tibetan New Year and involves various traditional rituals, performances, and cultural events.