Posting implies recording a transaction in a journal.

1 Answer

Answer :

State whether the following statement are true or false with reason : Posting implies recording a transaction in a journal.

Related questions

Description : Recording of a transaction in the journal is called posting.

Last Answer : State whether the following statement are ‘True or False’ with reason : Recording of a transaction in the journal is called posting.

Description : The process of entering or recording the transactions in the Journal is called posting.

Last Answer : Correct the following statement and rewrite the statement : The process of entering or recording the transactions in the Journal is called posting.

Description : Ledger posting is made before journal entry.

Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is made before journal entry.

Description : Ledger posting is not necessary for journal proper.

Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is not necessary for journal proper.

Description : Profit and loss is calculated at the stage of A] Recording B] Posting C] Classifying D] Summarising

Last Answer : D] Summarising

Description : A foreign currency transaction should be recorded, on initial recognition in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and the foreign currency at the date of the recording.

Last Answer : FALSE

Description : Do you know what that “ultra pasteurized” probably implies on your milk carton?

Last Answer : Well, on german packaging, the word is “ultrahocherhitzt”, translating to “heated ultra high”, which is self-explanatory.

Description : What is the word for a trait that is actually a handicap but implies good health and mating prospects?

Last Answer : The only term i can think of is a costly signal.

Description : Why does the media refer to the power or forces of nature as "natures FURY", which implies that nature has a conscious mind and chooses to display an angry outburst?

Last Answer : It’s the same sensationalism that they apply to stories about humans. They are trying to grab our attention, and hold it fast. Generally, it just makes me lose respect for whatever news agency I’m hearing it from.

Description : Should a psychic be shunned forever after a prediction failure because such implies that they do guesswork?

Last Answer : answer:Perhaps these psychics are deluded and believe in their own powers. As to should they be shamed, yes. Their spectacular failures should be brought up every time they try to get media attention for a “prediction” again.

Description : Do you assume a "great answer/great question" given, implies agreement?

Last Answer : Maybe you dont ;) I have no idea

Description : The Bruntland report implies that today’s unban planning should?

Last Answer : playwrights

Description : Homo sapiens implies

Last Answer : Homo sapiens implies A. human race B. human beings C. modern man D. non of these

Description : ____________ function implies compliance of various provisions of Acts applicable to the organization. 

Last Answer : ____________ function implies compliance of various provisions of Acts applicable to the organization. (a) Financial (b) Statutory (c) Office

Description : Which war lasted 16 years longer than its name implies?

Last Answer : The Hundred Year's War

Description : Degeneracy of genetic code implies that (A) Codons do not code for specific amino acid (B) Multiple codons must decode the same amino acids (C) No anticodon on tRNA molecule (D) Specific codon decodes many amino acids

Last Answer : Answer : B

Description : The fact that DNA bears the genetic information of an organism implies that (A) Base composition should be identical from species to species (B) DNA base composition should charge with age (C) ... the same base composition (D) DNA base composition is altered with nutritional state of an organism

Last Answer : Answer : C

Description : Lock' and Key' model of enzyme action proposed by Fisher implies that (A) The active site is flexible and adjusts to substrate (B) The active site requires removal of PO4 group ( ... complementary in shape to that of the substrate (D) Substrates change conformation prior to active site interaction

Last Answer : Answer : C

Description : In enzyme kinetics Km implies (A) The substrate concentration that gives one half Vmax (B) The dissocation constant for the enzyme substrate comples (C) Concentration of enzyme (D) Half of the substrate concentration required to achieve Vmax

Last Answer : Answer : A

Description : Fischer's lock and key' model of the enzyme action implies that (A) The active site is complementary in shape to that of substance only after interaction. (B) The active site is ... change conformation prior to active site interaction (D) The active site is flexible and adjusts to substrate

Last Answer : Answer : B

Description : Surging basically implies A. Unsteady, periodic and reversed flow B. Forward motion of air at a speed above sonic velocity C. The surging action due to the blast of air produced in a compressor D. Forward movement of aircraft

Last Answer : ANSWER : A

Description : An astronaut inside a spacecraft is in a state of weightlessness. This implies that A. The mass of the astronaut is reduced to zero B. Gravity inside the spacecraft ceases to act C. The astronaut is outside the D. The astronaut and the spacecraft are both in a free-falling state

Last Answer : ANSWER: D

Description : Management by exception implies focussing attention on– (A) All variations (B) Normal variations (C) Abnormal variations (D) Randomly selected variations

Last Answer : Answer: Abnormal variations

Description : Application of Theory ‘X’ implies practising of– (A) Free leadership (B) Democratic leadership (C) Autocratic leadership (D) None of the above

Last Answer : Answer: Autocratic leadership

Description : The term Test Tube Baby' implies (a) Fertilisation of ovum takes place I the test tube but it develops in uterus (b) Fertilisation of ovum takes place in the test tube and develops in ... uterus but develops in the test tube (d) Fertilisation takes place in uterus and embryo develops in uterus

Last Answer : Ans:(a)

Description : The President of India is elected by a proportional representation system through single transferable vote. This implies that - (1) each elected MP or MLA has an equal number of votes (2) MPs and ... and MLAs have one vote each (4) MPs and MLAs of different States have different numbers of votes

Last Answer : (3) all MPs and MLAs have one vote each Explanation: Irrespective of the fact that a number of seats may have to be filled, this system postulates one vote for each voter with the reservation ... to other candidates. This is the reason why this system is known as "single transferable vote system."

Description : Civil equality implies – (1) equality before law (2) equality of opportunity (3) equal distribution of wealth (4) equal right to participate in the affairs of the state

Last Answer : (2) equality of opportunity Explanation: Equality of opportunity is a political ideal that is opposed to caste hierarchy but not to hierarchy per se. The background assumption is that a society contains a hierarchy of more and less desirable, superior and inferior positions.

Description : Political liberty implies – (1) people's control over the government (2) free political activities of the people (3) cooperation between politics and democracy (4) voters can make and unmake their government

Last Answer : (2) free political activities of the people Explanation: Political liberty is the state or condition of those who are invested with the right effectually to share in framing and conducting the ... are politically organized. In other words, it means freedom in the exercise of political activities.

Description : Fill up : 'Right _____ duties.' (1) obstructs (2) instructs (3) implies (4) opposes

Last Answer : (3) implies Explanation: Rights imply certain duties. For example, if one has the right to follow one's own religion, it is one's duty to allow others to follow their own. Rights and ... important and that is why our Constitution has laid down certain duties for the citizens along with rights.

Description : Commercialization of agriculture implies - (1) cultivation of Limbers (2) plantation (3) production of crops for sale (4) production of crops like wheat or rice

Last Answer : (3) production of crops for sale Explanation: Commercial agriculture is largescale production of crops for sale, intended for widespread distribution to wholesalers or retail outlets. In commercial farming ... sugarcane, cashew, rubber, banana, and cotton are harvested and sold into world markets.

Description : 'Law of demand' implies that when there is excess demand for a commodity, then (1) price of the commodity falls (2) price of the commodity remains same (3) price of the commodity rises (4) quantity demanded of the commodity falls

Last Answer : (3) price of the commodity rises Explanation: The Law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. That is, if ... of the commodity the price starts rising and it continues to rise till equilibrium price is reached.

Description : A favorable Balance of Trade of a country implies that - (1) Imports are greater than Exports (2) Exports are greater than Imports (3) Both Imports and Exports are equal (4) Rising Imports and Falling Exports

Last Answer : (2) Exports are greater than Imports Explanation: Favorable balance of trade is an imbalance in a nation's balance of trade in which the payments for merchandise exports received by the country exceed ... and income. A balance of trade surplus is often the source of a balance of payments surplus.

Description : The concept of joint sector implies cooperation between - (1) Public sector and private sector industries (2) State Government and Central Government (3) Domestic and. Foreign Companies (4) None of these

Last Answer : (1) Public sector and private sector industries Explanation: Joint sector industries are owned jointly by the government and private individuals who have contributed to the capital. In joint sector, both ... establish new enterprise. The joint sector is an extension of the concept of mixed economy.

Description : Bio-magnification implies - (1) Toxic matters are magnified (2) Living beings are magnified (3) Light is magnified (4) Food is magnified

Last Answer : (1) Toxic matters are magnified Explanation: Biomagnification is the sequence of processes in an crosystem by which higher concentrations of a part ittihir chemical such as the pesticide DDT, are reached in organisms higher up the food chain.

Description : (3) reflection of light due to the presence of free electrons Explanation: Lustre (or luster) is the way light interacts with the surface of a crystal, rock, or mineral. The word ... conductivity, and high density. Typically they are malleable and ductile, deforming -under stress without cleaving.

Last Answer : Cloud is a colloidal dispersion of – (1) Air in a dispersion medium of water (2) Fog in a dispersion medium of water (3) Mist in a dispersion medium of air (4) Water drops in a dispersion medium of air

Description : The atomic number of hydrogen is 1. This implies that it contains _______ in its Kshell. (1) One neutron (2) One proton (3) One electron (4) None of the above

Last Answer : (3) One electron Explanation: This implies that Hydrogen has one electron in its K shell. Also, it requires one more electron to fill the K shell. So two hydrogen atoms share their electrons to form a molecule of hydrogen, H2.

Description : When a multistage tray tower uses a minimum reflux ratio, it implies (A) Infinite trays and maximum reboiler heat load (B) Infinite trays and minimum reboiler heat load (C) Minimum trays and minimum reboiler heat load (D) Minimum trays and maximum reboiler heat load

Last Answer : (A) Infinite trays and maximum reboiler heat load

Description : The hurricane model implies that project estimates become more accurate as the  project's product becomes better understood.

Last Answer : Ans: True

Description : .If specific information comes to an auditor's attention that implies the existence of possible illegal acts that could have a material, but indirect effect on-the financial statements, the auditor ... d. Discuss the evidence with the client's audit committee, or others with equivalent authority.

Last Answer : Apply audit procedures specifically directed to ascertaining whether an illegal act has occurred

Description : Which of the following is incorrect regarding integrity and objectivity? a. Integrity implies not merely honesty but fair dealing and truthfulness. b. The principle of objectivity imposes the ... circumstances. d. Professional accountants should neither accept nor offer any gifts or entertainment.

Last Answer : Professional accountants should neither accept nor offer any gifts or entertainment.

Description : In the system conceps, term organization ? implies structure and order refers to the manner in which each component fuctions with other components of the system refers to the holism of system means that part of the computer system depend on one another

Last Answer : implies structure and order

Description : The news story is written in the inverted pyramid style. Inverted pyramid style implies- a) Writing the most significant facts at the top b) Writing the most significant facts at the bottom c) Writing the most significant facts at the middle d) None

Last Answer : a) Writing the most significant facts at the top

Description : The term Influenza implies to a. Groin b. Flu c. Both a and b d. None of these

Last Answer : b. Flu

Description : Zero permeability/permittivity implies which state? a) No ions are allowed in the medium b) No current is generated in the medium c) No magnetic or electric energy is permitted in the medium d) No resistivity

Last Answer : c) No magnetic or electric energy is permitted in the medium

Description : Select the statement that best applies to Emergent Strategies. Emergent Strategy ----------- : A. Implies an ability to react to events B. Implies strategizing C. Implies no deviation from Plans D. Implies constant evaluation of the bigger picture

Last Answer : Implies an ability to react to events

Description : Grindability index of a coal is 100. It implies that the (A) Coal can be pulverised with great difficulty (B) Coal can't be pulverised (C) Coal can be easily pulverised (D) Power consumption in grinding the coal will be very high

Last Answer : (C) Coal can be easily pulverised

Description : One distinguishing factor between a brand name and a brand mark is that a brand name 1. creates customer loyalty 2. consists of words 3. identifies only one item in the product mix 4. implies an organization's name 5. none of these

Last Answer : consists of words

Description : Marketing implies "Meeting needs of __________ 1. of the cutomer only 2. of the needs of seller and buyer 3. of the needs of the customers profitability 4. all the above 5. none

Last Answer : of the needs of the customers profitability

Description : Oxygen content in a flue gas was found to be 4%. It implies that excess air used for combustion was around __________ percent. (A) 4 (B) 96 (C) 20 (D) 40

Last Answer : (C) 20