Explanation

Foe means دشمن

Friend means دوست

Explanation

The Balance Sheet presents assets, liabilities, and equity at a specific date.

It gives a snapshot of the company’s financial health at that moment.

Explanation

Gross Profit Margin shows the percentage of revenue that exceeds the cost of goods sold (COGS).

It reflects how efficiently a company produces and sells its products.

Explanation

Wrath means غصہ

Peace means امن

Explanation

An oligopoly is a market with few large firms dominating the industry.

These firms often influence prices and market decisions due to limited competition.

A Monopoly exists when there is only one seller in the market.

The product offered has no close substitutes, giving the seller full pricing power.

Explanation

Asset turnover ratio measures revenue generated per unit of assets.

It shows how effectively a company utilizes its assets to produce sales.

Explanation

The Consistency Principle ensures that the same accounting methods are used from period to period.

This helps in comparing financial statements over time for accuracy and reliability.

Explanation

Fasting results in hunger, just as racing results in fatigue.

Both show a cause-effect relationship.

Explanation

The Balance Sheet shows assets, liabilities, and equity at a specific date.

It reflects the financial position of a company at one point in time, unlike other statements that cover a period.

Explanation

• Allama Iqbal received the title of Sir in 1922 in Lahore.
• He was knighted by King George V for his contributions to literature.

Note: According to SPSC, 1923 is the correct answer.