You are the newly appointed financial controller in LMB Ltd., a large private engineering company. This is your first appointment in industry having undertaken your training at a large accountancy firm where most of your experience was gained in the audit of large NSE 500 clients. LMB Ltd. makes components which are used in the manufacture of various household products and it has a wide customer base from large household names through to small local private businesses.
One of your first tasks is to undertake a view of aged debtors. Whilst undertaking your review you find that a small number of customers have credit balances on their sales ledger accounts. The amounts relate to invoices which are now over 9 months old and which appear to have been paid twice. You find this odd and decide to raise the issue with your boss, Dushyant, the Financial Director, at your next meeting.
The following morning, Dushyant calls you into his office and asks you how you are settling into your position. You respond that, although you are still finding your feet, you have been making a major effort to get up to speed with the company's business and systems and controls. Dushyant appreciates your enthusiasm and is pleased that he has managed to recruit someone so enthusiastic.
Dushyant then asks whether anything has come to your attention so far. You advise him of what you have found in relation to the customers who appear to have paid twice. Dushyant laughs and tells you that it balances out in the end.
Furthermore, he produces copies of letters from a file which are addressed to the Financial Directors at the respective customers informing them of their company's overpayment. You return to your desk - rather bewildered by his comments. Customers have overpaid and he knows this to be the case, yet he has no intention of returning their money unless prompted by the customer.
You find it perplexing to think that the Financial Directors of the companies that have overpaid have not responded on being notified about the outstanding invoices.
Q. A&M Ltd. was one of the customers that had paid twice. Despite being notified about the same, the company had not responded to the formal communication sent by LMB Ltd. Yet, the Financial Director of A&M Ltd is very distraught that LMB Ltd. did not issue a refund sooner, especially when the two companies continued their association. A&M Ltd. has now threatened to exit all contracts with LMB Ltd.Which of the following steps would you take to salvage the situation?
In this following question, four words have been given, out of which three are alike in some manner and the fourth one is different. Choose out the odd one out.
In this following question, four words have been given, out of which three are alike in some manner and the fourth one is different. Choose out the odd one out.
Directions to Solve
In each of the following questions find out the alternative which will replace the question mark.
Question -
Corden : zrogbq :: ? : pxivro
Direction: In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.
Statements: The Government run company had asked its employees to declare their income and assets but it has been strongly resisted by employees union and no employee is going to declare his income.
Conclusions:
Directions: Read the given information carefully and answer the questions given beside:
Nine persons – Chaya, Dimple, Beena, Ajit, Jaya, Fatima, Gagan, Hemant and Kaushal – are sitting in a straight line facing north, but not necessarily in the same order.
Beena is fourth to the left of Gagan; Fatima is fourth to the right of Chaya and second to the left of Kaushal, who is fifth to the right of Ajit. Dimple is not an immediate neighbour of either Kaushal or Beena. There are only three persons between Jaya and Ajit. Gagan is second to the right of Chaya.
Q. Who among the following sits third to the left of Jaya?
Directions: Read the given information carefully and answer the questions given beside:
Nine persons – Chaya, Dimple, Beena, Ajit, Jaya, Fatima, Gagan, Hemant and Kaushal – are sitting in a straight line facing north, but not necessarily in the same order.
Beena is fourth to the left of Gagan; Fatima is fourth to the right of Chaya and second to the left of Kaushal, who is fifth to the right of Ajit. Dimple is not an immediate neighbour of either Kaushal or Beena. There are only three persons between Jaya and Ajit. Gagan is second to the right of Chaya.
Q. Who among the following sit at the extreme ends of the line?
Direction : Study the following question carefully and choose the right answer.
Q: If in a certain language, NEOMAN is coded as OGRQFT, which word will be coded as ZKCLUP?
Directions: Study the following information carefully and answer the questions given below:
Point N is 15 m to the north of P and W is 20m to the east of point P, which is to the north S. R is to the west of P and 15m to the north of Q, which is 18m to the west of S.
Q. Point W is in which direction with respect to point Q?
The average price of a share is the average of 5 readings taken at regular intervals in a day. The index price is taken by a weighted arithmetic average price of a class A and class B stock. The respective weights are 1.1 and 0.9 for the two kinds of stocks. If the five readings of a class A stock were 19, 26, 31, 35, 39 and for a class B stock the readings were 7, 8, 17, 20, 23 then what was the index price that day?
Find the last number which when divided by 6, 8, 15 and 30 leaves remainder 2, 4, 11 and 26 respectively?
A 60 year old father in his will divides his money among his three sons in the ratio of their ages. The first (eldest) son is 8 years older than the third son. The second son is 4 years younger to the first son. The third son's age is 1/3rd of his father's age. If the father had Rs. 12,00,000, the share of second son is:
Brian and Sam are two brothers who work at a multinational company in the New York City. The ratio of monthly incomes of Brian and Sam is 3 : 4 and the ratio of their monthly savings is 2 : 3, respectively. It is known that Brian spends two-thirds of his income each month. Find the respective ratio of their monthly expenditures.
In the following questions four alternatives are given for the idiom/phrase italicised and underlined in the sentence. Choose the alternative which best expresses the meaning of idiom/phrase.
Q. How long will the people put up with the increasing economic hardships?
The year 1973… (1)… a watershed in the economic….(2)…..of young male high school graduates in the United States. In the twenty four years…(3).. to this date, the medium income of 25 to 34 year old males, ….(4)… highest level of educational attainment was a high school diploma, ……(5)…. from $14,483 to $24,482 (in constant 1987 dollars.) This increase was the ….(6)… of the rapid growth of the U.S. economy..(7)… this period. As the expression goes, the rapidly growing economy was like a rising tide that…(8)… all boats. This rapid…(9)… in income permitted several generations of young high-school educated men to enjoy a higher standard of living….(10)…their fathers had.
Q. Find the word most appropriate for Blank No. 9
If seriously mentally ill people do not receive medication, they can grow unable tosupport themselves, become irrational, and perhaps even threatening the safetyof themselves or others.
If sentence (3), 'In most economic systems, the prices of the majority of goods and services do not change over short periods of time' is the first sentence, what is the order of other sentences after rearrangement?
1. In some, it is of course possible for an individual to bargain over prices, because they are not fixed in advance.
2. When planning his expenditure, he must therefore accept these fixed prices.
3. In most economic systems, the prices of the majority of goods and services do not change over short periods of time.
4. A consumer will go on buying bananas for as long as he continues to be satisfied.
5. If he buys more, he shows that his satisfaction is still greater than his dislike of losing money.
6. In general terms, however, the individual cannot change the prices of the commodities he wants.
Directions: Rearrange the following six sentences (1), (2), (3), (4), (5) and (6) in the proper sequence to form a meaningful paragraph and then answer the question given below.
1. Officials of the Russian-American Company reasoned that a permanent settlement along the more temperate shores of California could serve both as a source of food and a base for exploiting the abundant sea otters in the region.
2. The Russians had begun their expansion into the North American continent in 1741 with a massive scientific expedition to Alaska.
3. By the early 19th century, the semi-governmental Russian-American Company was actively competing with British and American fur-trading interests as far south as the shores of Spanish-controlled California.
4. As a growing empire with a long Pacific coastline, Russia was in many ways well positioned to play a leading role in the settlement and development of the West.
5. Returning with news of abundant sea otters, the explorers inspired Russian investment in the Alaskan fur trade and some permanent settlement.
6. Russia's Alaskan colonists found it difficult to produce their own food because of the short growing season of the far north.
Q. Which of following is the FOURTH sentence after rearrangement?
Direction: In the questions given below a sentence is given with two blanks in each. Corresponding to each question two columns are given with three words in each column. Which combination of words from the two columns will perfectly fit into the blanks to make the sentence contextually correct and meaningful?
IIT-Bombay has been ______________ India’s best university for the second year in a row, ___________ a global ranking of 152 in the QS World University Rankings for 2020.
The active voice sentence "The dog chased the cat" can be changed to passive voice as:
Directions: Out of the given alternatives, choose the one which can be substituted for the given words/sentence.
A person who is womanish in his habits
The MLAs belong to the ruling party will elect their leader who will become the
In the history of Indian population, which duration period is referred to as 'A great leap forward'?
Which city in Madhya Pradesh has become the first urban body in India to receive Extended Producers Responsibility (EPR) credit for effectively recycling banned single-use plastic items?