Explanation

The accounting process of allocating the cost of intangible assets to expense over their useful life is called amortization. 

Purpose: It matches the cost of an intangible asset with the revenue it generates over time.

Explanation

A Bank Reconciliation Statement (BRS) is a statement prepared to reconcile the difference between the bank balance as per the cash book and the balance shown in the bank statement.

It is an external statement and not part of the formal books of accounts.

It serves as a verification tool, not a ledger entry.

Explanation

Ornament means سجاوٹ، زیور

Embellish means سجاوٹ 

Explanation

Capitulate means ہتھیار ڈال دینا

Resist means مزاحمت کرنا

Conquer means فتح

Explanation

International Financial Reporting Standards are a set of accounting rules for public companies with the goal of making company financial statements around the world.

Explanation

Salvage value is sometimes referred to as disposal value, residual value, terminal value, or scrap value.

Explanation

Deflation is the general decline of the price level of goods and services.

Deflation means افراط زّر کی کمی

Explanation

•  Geneva is Headquarter of the world trade organization 
• ***
• WTO: World Trade Organization
• WTO is the successor of the General Agreement on Tariffs and Trade (GATT).
• WTO members: 164
• WTO headquarters: Geneva, Switzerland
• WTO was created on January 1, 1995
• WTO official languages: English, French, Spanish

Explanation

Per capita income is obtained by dividing national income by the total population of the country.

Explanation

• Modaraba company is a unique and prime mode of non-interest Islamic financial system.
• It is a form of financial contract in which one party, the investor (Rab-ul-mal) entrusts money to another party, the financial manager (Mudarib) for the purpose of carrying out a business (Modaraba).