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Assertion (A): In preparing final accounts, if closing stock is given in the trial balance, it is shown only in the Balance Sheet.<br>Reason (R): Any item appearing in the trial balance is treated only at one place i.e. either in the trading and profit &amp; loss a/c or in the balance sheet.<br>Now, select the correct answer:

Correct Answer: Both (A) and (R) are true and (R) is the correct explanation of (A)

Consider the 5 × 5 matrix \[{\text{A}} = \left[ {\begin{array}{*{20}{c}} 1&2&3&4&5 \\ 5&1&2&3&4 \\ 4&5&1&2&3 \\ 3&4&5&1&2 \\ 2&3&4&5&1 \end{array}} \right

Let A be an m × n matrix and Ban n × m matrix. It is given that determinant ($$I$$m + AB) = determinant ($$I$$n + BA), where $$I$$k is the k × k identity matrix. Using the above property, the determinant of the matrix given below is
\[\left[ {\begin{array}{*{20}{c}} 2&1&1&1 \\ 1&2&1&1 \\ 1&1&2&1 \\ 1&1&1&2 \end{array}} \right

Eigen values of the matrix \[\left[ {\begin{array}{*{20}{c}} 0&1&0&0 \\ 1&0&0&0 \\ 0&0&0&{ - 2i} \\ 0&0&{2i}&0 \end{array}} \right

The final accounts of a manufacturing company generally include the following statements. Select the correct sequence in the which the statements are prepared
i. Balance sheet
ii. Manufacturing account
iii. Profit and loss account
iv. Trading account
v. Profit and loss appropriation account

Under the member constituent agreement, trading members are required to make the clients aware of which of the following?
1. Trading segment in which the trading member is admitted.
2. SEBI registration number.
3. Basic risks involved in trading on the exchange.
Select the correct answer

Direction-The question have two statements.
One is labelled as Assertion (A) and the other as Reason (R). You have to examine both the statements carefully and decide whether Assertion (A) and Reason (R) separately are true and if so then reason is the correct explanation of the assertion. Mark these items on the answer sheet.
Assertion (A): Interest payable on working capital should be treated as an item of operating expenses.
Reason (R): Interest is the cost of capital used in the business.

X sells an item to Y at a profit of 28% on his cost and sells the same item to Z at a loss of 25% on his cost. If Y thus sold the item to Z a Tk. 2 less than the item to X, then what is the cost of the item to X?

What is the correct sequence of the following actions required for the preparation of final accounts?
1. Preparation of Trial Balance
2. Balance of accounts
3. Preparation of annual financial statements
4. Making adjustment entries
Select the correct answer

Closing stock appearing in the Trial Balance is shown in:

Given below are two statements, are labelled as Assertion (A) and other as Reason (R):
Assertion (A): The fixed assets in the balance sheet are required to be shown at cost less depreciation.
Reason (R): The balance sheet and profit and loss account disclose a true and fair view.
Choose the correct answer