Explanation

In a bank reconciliation, deposits in transit are added to the bank balance.

They represent amounts received and recorded by the company but not yet reflected in the bank's statement.

Explanation

Dear Money is expensive to borrow because the rate of interest is high.

This is because people prefer to save when interest rates are high and spend or borrow when rates are low.

Put differently, the cost of money becomes more expensive.

Explanation

Cost accounting aims to achieve:

1. Cost Ascertainment: Determining the actual cost of production.
2. Cost Control: Managing and reducing costs to optimize resources.
3. Price Fixation: Setting prices based on costs and market conditions to ensure profitability.

Explanation

• The sentence should read: "The new findings on the virus caused panic among the scientists and management alike."
• The word "alike" is used to indicate that both scientists and management shared a similar reaction (panic) to the new findings.

Explanation

The idiom "fall between two stools" means to come between two alternatives, and so fail to fulfill either of them.

It describes a situation where someone fails to achieve success because they cannot decide between two options or do not commit fully to either.

Explanation

Junk bonds are suitable for investors comfortable with high risk.

For retail investors, these securities can play an important role in their portfolio.

It provided the risk is understood.

Explanation

The term EVA stands for Economic Value Added.

It is a measure of a company's financial performance that calculates the value created beyond the required return on its capital.

Explanation

The one-word substitution for a state, society, or group governed by old people is gerontocracy.

It refers to a political system where power is held by the elderly or senior members of society.

Explanation

Deterioration in the management of working capital typically refers to the debtors collection period has increased.

This indicates that the company is taking longer to collect payments from its customers.

It affecting its liquidity and working capital management.

Explanation

On June 2018 FATF added Pakistan to its gray list

Pakistan needs 12 votes out of 39 to exit the “grey" list and move up to join countries that do not require monitoring. 

Pakistan has been removed from the list after four years on 21 October 2022

 FATF decided to retain Pakistan on its ‘Grey List’ till June 2021

**

while 

On 24 February 2023, FATF added South Africa and Nigeria to its gray list

On 24 February 2023, FATF removed Cambodia and Morocco from its gray list