Saturday, March 19, 2016

Find truth value of the following statements.

(i) SEBI office is in Mumbai or Dalal street is in London.

(ii) Neither 21 is a prime number not it is divisible by 3.

(iii) It is not true that 3-7i is a real number.

(iv) In a credit transaction, party’s name must be given and single entry system is costly.

(v) If joint venture is a temporary partnership, then discount on purchases is credited to supplier.

(vi) Every accountant is free to apply his own accounting rules if and only if machinery is an asset.