CAT Questions

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You should have recorded in your cash books all amounts you have actually received and payments you have actually made. However the cash books may be incomplete as your bank may have put extra transactions through your account such as:

► bank fees or interest charges
► direct debits (payments) and direct credits (receipts).

Doing a regular bank reconciliation will allow you to:

► take into account any extra transactions your bank puts through your account and
► check and record any errors or omissions.

By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

The primary purpose of life insurance is to provide financial protection to surviving dependents after the death of an insured.

Uttar Pradesh is the Indian state which share the most borders with 9 different states.

Neighbouring States of Uttar Pradesh –

Uttarakhand and Himachal Pradesh in northwest,

Delhi, Haryana and Rajasthan in west,

Madhya Pradesh in south,

Chhattisgarh in southeast,

Bihar and Jharkhand in east.

Vikram Sarabhai Space Centre is located at Thiruvananthapuram, Kerala.

• This is the lead centre of ISRO responsible for the design and development of launch vehicle technology focusing on rocket and space vehicles for India's satellite programme.

Small Industries and Development Bank of India (SIDBI) announced a plan to promote micro-enterprises in 115 aspirational districts across the country. It has tied up with Common Service Centre (CSC).

Software designed for a specific purpose is called as Application software.