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All 100 questions with answers

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  1. 1.
    Who has won the shanti swaroop Bhatnagar award 2014 for Biological science
    Show answer and explanation
    Answer: A —
    Roop Malik
    Roop Malik was awarded the Shanti Swarup Bhatnagar Prize for Science and Technology in 2014 for Biological Sciences.
    Report a mistake
  2. 2.
    The place where Ayyankali started a school for the depressed classes in 1904
    Show answer and explanation
    Answer: C —
    Venganur
    Ayyankali established a school for the depressed classes at Venganur in 1904.
    Report a mistake
  3. 3.
    'Mathrubhoomi', the national daily in ma layalam started its publication in
    Show answer and explanation
    Answer: B —
    1923
    Mathrubhoomi, a prominent Malayalam daily, began its publication in 1923.
    Report a mistake
  4. 4.
    What was the slogan for Asian games held at Incheon 2014
    Show answer and explanation
    Answer: D —
    Diversity shines Here
    The official slogan for the 2014 Incheon Asian Games was 'Diversity Shines Here'.
    Report a mistake
  5. 5.
    .............. is the centre of Mukuthis amaram held in Kerala
    Show answer and explanation
    Answer: C —
    Panthalam
    Panthalam is known as the centre associated with the Mukuthis amaram.
    Report a mistake
  6. 6.
    Which amendment of Indian Constitution gave Delhi the title 'National Capital Territory'
    Show answer and explanation
    Answer: B —
    69
    The 69th Constitutional Amendment Act, 1991, designated Delhi as the National Capital Territory.
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  7. 7.
    Which among the following is the publication of Kerala Grandhasala Sangam
    Show answer and explanation
    Answer: C —
    Grandhalokam
    Grandhalokam is the official publication of the Kerala Grandhasala Sangam.
    Report a mistake
  8. 8.
    Jeevitha Samaram is the autobiography of .............
    Show answer and explanation
    Answer: B —
    C.Kesavan
    Jeevitha Samaram is the autobiography of the prominent Kerala politician C. Kesavan.
    Report a mistake
  9. 9.
    .......... is the free medical treatment scheme of Kerala government to children below 18 years suffering severe deseases
    Show answer and explanation
    Answer: B —
    Thalolam
    Thalolam is a Kerala government scheme providing free medical treatment for children under 18 suffering from severe diseases.
    Report a mistake
  10. 10.
    Which among the following was a Bhuddhist centre of ancient Kerala
    Show answer and explanation
    Answer: B —
    Sreemoolavasam
    Sreemoolavasam was a famous ancient Buddhist centre in Kerala.
    Report a mistake
  11. 11.
    The minimum number of members required for registration of a cooperative society are
    Show answer and explanation
    Answer: A —
    Two
    This question was cancelled by the commission.
    Report a mistake
  12. 12.
    ________ is the supreme and final authority of a co-operative society
    Show answer and explanation
    Answer: B —
    The General Body
    The General Body of members is the supreme authority in a co-operative society.
    Report a mistake
  13. 13.
    The first co-operative Societies Act in India was passed in the year
    Show answer and explanation
    Answer: B —
    1904
    The first Co-operative Societies Act in India was enacted in 1904.
    Report a mistake
  14. 14.
    The word co-operation is derived from the Latin word
    Show answer and explanation
    Answer: C —
    Co operari
    The term 'co-operation' is derived from the Latin words 'co' (together) and 'operari' (to work).
    Report a mistake
  15. 15.
    The home for co-operative store movemen t
    Show answer and explanation
    Answer: C —
    England
    The Rochdale Pioneers in England are credited with starting the modern co-operative store movement.
    Report a mistake
  16. 16.
    The first co-operative minister of Kerala
    Show answer and explanation
    Answer: A —
    Joseph Mundassery
    Joseph Mundassery served as the first Minister for Co-operation in Kerala.
    Report a mistake
  17. 17.
    The remuneration given to the president of a society is called
    Show answer and explanation
    Answer: C —
    Honorarium
    The payment made to the president of a society for their services is termed an honorarium.
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  18. 18.
    The co operative society having the area of operation to the whole of the state is called
    Show answer and explanation
    Answer: B —
    Apex Society
    An Apex Society is a co-operative organization whose area of operation extends to the entire state.
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  19. 19.
    The Father of co-operative movement is
    Show answer and explanation
    Answer: B —
    Robert Owen
    Robert Owen is widely regarded as the father of the co-operative movement.
    Report a mistake
  20. 20.
    District level co operative banks are k nown as
    Show answer and explanation
    Answer: D —
    Central Bank
    District Co-operative Banks are referred to as Central Co-operative Banks.
    Report a mistake
  21. 21.
    To become a member of credit society an individual should have attain the age of
    Show answer and explanation
    Answer: A —
    18
    The minimum age to become a member of a credit society is 18 years.
    Report a mistake
  22. 22.
    The objective of creating reserve fund by the co-operative society is
    Show answer and explanation
    Answer: A —
    To meet unforeseen losses
    Reserve funds are created primarily to meet unforeseen losses.
    Report a mistake
  23. 23.
    The motto of cooperative society is based on
    Show answer and explanation
    Answer: C —
    each for all and all for each
    The cooperative motto is 'Each for all and all for each'.
    Report a mistake
  24. 24.
    The main refinancing agency of co-operative banks
    Show answer and explanation
    Answer: C —
    NABARD
    NABARD is the apex refinancing agency for agricultural and cooperative banks in India.
    Report a mistake
  25. 25.
    Audit of co operative society is done by
    Show answer and explanation
    Answer: C —
    Co operative Department of the State
    The audit of cooperative societies is conducted by the Cooperative Department of the State Government.
    Report a mistake
  26. 26.
    Hawthorne experiment is associated with :
    Show answer and explanation
    Answer: D —
    George Elton Mayo
    Elton Mayo is famous for conducting the Hawthorne studies.
    Report a mistake
  27. 27.
    An obligation to remain with an organisation for moral or ethical reasons is :
    Show answer and explanation
    Answer: C —
    Normative commitment
    Normative commitment refers to an employee's moral or ethical obligation to remain with an organization.
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  28. 28.
    Diversification by adding new, unrelated products or services for present customers is referred to as :
    Show answer and explanation
    Answer: D —
    Horizontal diversification
    Horizontal diversification involves adding new, unrelated products or services for existing customers.
    Report a mistake
  29. 29.
    According to BCG Matrix,which division represents businesses with high growth rate and low market share ?
    Show answer and explanation
    Answer: C —
    Question Marks
    Question Marks represent businesses operating in high growth markets with a low market share.
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  30. 30.
    Who translates the corporate strategy into concrete objectives for individual business ?
    Show answer and explanation
    Answer: C —
    Business level managers
    Business level managers translate corporate strategy into concrete objectives for individual business units.
    Report a mistake
  31. 31.
    Public distribution system is specifically associated with
    Show answer and explanation
    Answer: B —
    Retailing system
    The Public Distribution System (PDS) is a retailing system through which subsidized food and non-food items are distributed.
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  32. 32.
    ----------------=Kindliness × Justice
    Show answer and explanation
    Answer: D —
    Equity
    Fayol defined Equity as a combination of kindliness and justice.
    Report a mistake
  33. 33.
    Brain storming is a group activity exercise applied to get :
    Show answer and explanation
    Answer: B —
    Many solutions to a single problem
    Brainstorming is designed to generate numerous creative solutions to a single problem.
    Report a mistake
  34. 34.
    Which of the following is not a step in MBO ?
    Show answer and explanation
    Answer: C —
    Identifying the needs of the labour force
    Identifying the needs of the labour force is not a standard step in Management by Objectives (MBO).
    Report a mistake
  35. 35.
    Which of the following is not a qualitative method of forecasting ?
    Show answer and explanation
    Answer: A —
    Econometric models
    Econometric models are quantitative forecasting methods.
    Report a mistake
  36. 36.
    --------------- propounded dual factor theory of motivation
    Show answer and explanation
    Answer: C —
    Fedrick Herzberg
    Frederick Herzberg propounded the Two-Factor (Dual Factor) Theory of motivation.
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  37. 37.
    The Multinational corporation that experimented 'Six Sigma' for the first time was :
    Show answer and explanation
    Answer: C —
    Motorola,Inc.
    Motorola pioneered and experimented with Six Sigma for the first time in the 1980s.
    Report a mistake
  38. 38.
    The ability to influence a group towards the achievement of a vision or sets of goals is termed as:
    Show answer and explanation
    Answer: C —
    Leadership
    Leadership is defined as the ability to influence a group toward the achievement of goals.
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  39. 39.
    The planned elimination of of jobs in an organisation for cost cutting, declining market share, previous overaggressive hiring and growth, or outsourcing is termed as :
    Show answer and explanation
    Answer: D —
    Downsizing
    Downsizing is the planned elimination of jobs to improve organizational efficiency.
    Report a mistake
  40. 40.
    Which of the following is not associated with Michael Porter's competitive forces in industry analysis?
    Show answer and explanation
    Answer: C —
    Bargaining power of employees
    Bargaining power of employees is not one of Porter's five forces (buyers, suppliers, substitutes, new entrants, industry rivalry).
    Report a mistake
  41. 41.
    The term 'not binding in law' related to
    Show answer and explanation
    Answer: C —
    Void contract
    A void contract ceases to be enforceable by law and is thus not binding in law.
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  42. 42.
    As per Indian Contract Act, which of the statement is not true
    Show answer and explanation
    Answer: C —
    A wager is an agreement by which money is payable by one person on the happening of an event only
    Wagering agreements are void under Section 30 of the Indian Contract Act.
    Report a mistake
  43. 43.
    Contract of guarantee described as per section…………..
    Show answer and explanation
    Answer: A —
    126
    A contract of guarantee is defined under Section 126 of the Indian Contract Act.
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  44. 44.
    In a contract of guarantee , a person who promises to discharge another’s liability ,is known as---------------
    Show answer and explanation
    Answer: C —
    Surety
    The person who gives the guarantee in case of default is called the surety.
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  45. 45.
    Which of the following statement is true as per Indian Contract Act
    Show answer and explanation
    Answer: D —
    None of these
    Past consideration is valid in India, adequacy is not required, and none of statements A, B, or C are legally true requirements.
    Report a mistake
  46. 46.
    The Consumer Protection Act provides for a three tier consumer disputes redressal system, in which the National Commission was established by the Central Government in August ---------
    Show answer and explanation
    Answer: C —
    1988
    The National Consumer Disputes Redressal Commission (National Commission) was established in 1988 under the Consumer Protection Act.
    Report a mistake
  47. 47.
    Section 14 of IRDA Act ,1999 lays down ---------
    Show answer and explanation
    Answer: B —
    Duties, Powers and Functions of IRDA
    Section 14 of the IRDA Act, 1999 outlines the duties, powers, and functions of the Authority.
    Report a mistake
  48. 48.
    TRAI should have a chair person. It should have a minimum-------- members but number of members should not exceed --------
    Show answer and explanation
    Answer: D —
    2,6
    TRAI consists of a Chairperson and not more than two whole-time and not more than four part-time members (minimum 2, maximum 6 members excluding chairperson).
    Report a mistake
  49. 49.
    As per Industrial Policy Resolution 1956, Industries are classified in to
    Show answer and explanation
    Answer: B —
    Schedule A,B and C
    The Industrial Policy Resolution of 1956 classified industries into three categories: Schedule A, Schedule B, and Schedule C.
    Report a mistake
  50. 50.
    Which of the following statement is not true
    Show answer and explanation
    Answer: C —
    The maximum number of members of Company Law Board is appointed by Central Government
    Statement C is not a true/meaningful standard description regarding the Company Law Board.
    Report a mistake
  51. 51.
    W, X and Y jointly promised to pay Rs 8, 00,000 to Z. Before performance of contract Y died. Here the contract
    Show answer and explanation
    Answer: A —
    Becomes void on Y's death
    This question was cancelled by the commission.
    Report a mistake
  52. 52.
    As per Consumer Protection Act 1986, National commission was established and it started its functioning W.e.f.
    Show answer and explanation
    Answer: A —
    1988
    The National Commission under the Consumer Protection Act started functioning in 1988.
    Report a mistake
  53. 53.
    The concept ‘bancassurance’ was originated in ------------
    Show answer and explanation
    Answer: A —
    France
    The concept of bancassurance originated in France in the 1980s.
    Report a mistake
  54. 54.
    An agreement which is enforceable by law at the option of one or more of the parties thereto but not at the option of the other or others is a
    Show answer and explanation
    Answer: C —
    Voidable contract
    A voidable contract is enforceable by law at the option of one or more parties, but not at the option of the other(s).
    Report a mistake
  55. 55.
    The delivery of goods by one person to another for some specific purpose, is known as
    Show answer and explanation
    Answer: A —
    Bailment
    Bailment is defined under Section 148 of the Indian Contract Act as the delivery of goods by one person to another for some purpose.
    Report a mistake
  56. 56.
    Power Distance Index of 77 compared to the World average of 56.5 for India indicates
    Show answer and explanation
    Answer: D —
    High level of inequality of power and wealth within the society
    A high Power Distance Index indicates a high level of inequality of power and wealth within the society as perceived by the followers.
    Report a mistake
  57. 57.
    Which among the following is not a model related to social responsibility?
    Show answer and explanation
    Answer: B —
    Orgburn's Model
    Ogburn's model relates to cultural lag, not corporate social responsibility models.
    Report a mistake
  58. 58.
    -------------refers to the enterprises owned and managed jointly by the private and government sectors
    Show answer and explanation
    Answer: C —
    Joint sector
    Joint sector enterprises are owned and managed jointly by both private and government sectors.
    Report a mistake
  59. 59.
    Which, of the following,is not related to Water Pollution Protection Legislations in India?
    Show answer and explanation
    Answer: D —
    The Water Preservation Act, 1925
    The Water Preservation Act, 1925 is not a primary Indian water pollution legislation listed among the historical Acts.
    Report a mistake
  60. 60.
    Kyoto Protocol pertains to:
    Show answer and explanation
    Answer: B —
    Environment protection
    The Kyoto Protocol is an international treaty aimed at environment protection and reducing greenhouse gas emissions.
    Report a mistake
  61. 61.
    The Restrictive Trade Practices are provided in :
    Show answer and explanation
    Answer: A —
    Section 33(1)
    Restrictive trade practices were provided under Section 33(1) of the MRTP Act.
    Report a mistake
  62. 62.
    Set of processes,laws and institutions that affects the way in which a corporation is directed, administered or controlled, to facilitate the interest of stake holders, is termed as:
    Show answer and explanation
    Answer: B —
    Corporate governance
    Corporate governance refers to the system of rules, practices, and processes by which a firm is directed and controlled.
    Report a mistake
  63. 63.
    Which of the following is not the main objective of Fiscal Policy in India ?
    Show answer and explanation
    Answer: B —
    To increase liquidity in the economy
    Increasing liquidity in the economy is primarily the objective of Monetary Policy, not Fiscal Policy.
    Report a mistake
  64. 64.
    Which of the following is not a method of social audit ?
    Show answer and explanation
    Answer: D —
    Employee Benefit Audit
    Employee benefit audit is typically an HR audit rather than a recognized method of social audit.
    Report a mistake
  65. 65.
    Who, among the following, is empowered to supersede the Competition Commission of India ?
    Show answer and explanation
    Answer: B —
    Central Government
    The Central Government is empowered to supersede the Competition Commission of India under specific circumstances.
    Report a mistake
  66. 66.
    The investment limits of micro enterprises engaged in manufacturing sector, as per MSMED Act, 2006, is :
    Show answer and explanation
    Answer: B —
    Rs.25 lakhs
    Under the MSMED Act, 2006, the investment limit for micro manufacturing enterprises was up to Rs. 25 lakhs.
    Report a mistake
  67. 67.
    Build,operate and transfer concept is envisaged in:
    Show answer and explanation
    Answer: D —
    Highways
    The BOT (Build-Operate-Transfer) model is widely used in infrastructure projects such as highways.
    Report a mistake
  68. 68.
    Which of the following theory best defines the relationship between currencies on the basis of rate of inflation ?
    Show answer and explanation
    Answer: D —
    Purchasing power parity theory
    Purchasing Power Parity (PPP) theory relates exchange rates to differences in inflation rates between countries.
    Report a mistake
  69. 69.
    Which of the following is not related to the elements of internal environment ?
    Show answer and explanation
    Answer: A —
    Money and capital market
    Money and capital market is part of the external economic environment, not internal environment.
    Report a mistake
  70. 70.
    Which is the apex body of various exporters and export promotion organisations in India ?
    Show answer and explanation
    Answer: A —
    Federation of Indian Exporters Organisation
    FIEO (Federation of Indian Export Organisations) is the apex body of export promotion organizations in India.
    Report a mistake
  71. 71.
    The exchange rate fixed on the basis of demand and supply of currencies is called...
    Show answer and explanation
    Answer: C —
    Floating rate
    A floating exchange rate is determined by the private market through supply and demand.
    Report a mistake
  72. 72.
    “BOLT System” in Indian Securities Market is related to
    Show answer and explanation
    Answer: B —
    BSE Stock Exchange
    BOLT (BSE On-Line Trading) is related to the Bombay Stock Exchange (BSE).
    Report a mistake
  73. 73.
    Call money rate is applicable for a very short period to ..
    Show answer and explanation
    Answer: A —
    Inter bank advances
    Call money rate is the interest rate paid for overnight or very short-term inter-bank loans.
    Report a mistake
  74. 74.
    The ceiling on the amount of insurance cover is ----
    Show answer and explanation
    Answer: D —
    Rs 1,00,000/-
    DICGC provides deposit insurance cover up to a ceiling amount (historically Rs. 1,00,000/- during the exam context).
    Report a mistake
  75. 75.
    Export Credit Guarantee Corporation of India provides .....
    Show answer and explanation
    Answer: B —
    Credit risk insurance cover to exporters
    ECGC provides credit risk insurance covers to exporters against potential payment defaults.
    Report a mistake
  76. 76.
    The major player in Indian Money Marke t is ....
    Show answer and explanation
    Answer: C —
    Commercial Banks
    Commercial banks are the major institutional players in the Indian money market.
    Report a mistake
  77. 77.
    Which among the following is not a category of NPA?
    Show answer and explanation
    Answer: D —
    Devaluated Assets
    Devaluated assets is not a category of Non-Performing Assets (NPAs). Standard, Substandard, Doubtful, and Loss are the categories.
    Report a mistake
  78. 78.
    Who is the chairman of 13th Finance Commission?
    Show answer and explanation
    Answer: C —
    Dr.Vijay L Kelkar
    Dr. Vijay L. Kelkar was the chairman of the 13th Finance Commission of India.
    Report a mistake
  79. 79.
    The minimum capital prescribed by the RBI for starting a new commercial bank is :
    Show answer and explanation
    Answer: A —
    Rs 1,000 Crore
    This question was cancelled by the commission.
    Report a mistake
  80. 80.
    Under DIR scheme, assistance is provided in the ratio of :
    Show answer and explanation
    Answer: D —
    4%
    Under the Differential Rate of Interest (DIR) scheme, loans are provided at a concessional interest rate of 4% per annum.
    Report a mistake
  81. 81.
    Capital adequacy norm is expressed as a percentage of ...
    Show answer and explanation
    Answer: B —
    Risk adjusted assets
    Capital Adequacy Ratio (CAR) is expressed as a percentage of a bank's risk-weighted (risk-adjusted) assets.
    Report a mistake
  82. 82.
    Broad money has to be sensitized through ....
    Show answer and explanation
    Answer: D —
    All of the above
    Monetary policy instruments like CRR, SLR, and Repo rate are used to regulate and control broad money.
    Report a mistake
  83. 83.
    “VSAT” Technology was first followed for online trading by ..
    Show answer and explanation
    Answer: B —
    NSE
    The National Stock Exchange (NSE) first introduced VSAT technology for nationwide online trading.
    Report a mistake
  84. 84.
    NABARD has taken over the entire functions of......
    Show answer and explanation
    Answer: A —
    ARDC
    This question was cancelled by the commission.
    Report a mistake
  85. 85.
    Any complaint should be lodged with the Ombudsman when .......
    Show answer and explanation
    Answer: D —
    (B) & (C ) together.
    A customer can approach the Banking Ombudsman under conditions such as no reply within two months or rejection of complaint within one year.
    Report a mistake
  86. 86.
    Decrease in the value of intangible asset is called----
    Show answer and explanation
    Answer: C —
    amortization
    Amortization refers to the systematic reduction of the recorded value of an intangible asset over its useful life.
    Report a mistake
  87. 87.
    Which of the following is not an intangible asset
    Show answer and explanation
    Answer: D —
    preliminary expenses
    Preliminary expenses are fictitious assets / deferred revenue expenditures, not intangible assets.
    Report a mistake
  88. 88.
    Trial balance will detect
    Show answer and explanation
    Answer: A —
    error of commission
    Trial balance helps in detecting certain errors like errors of posting/commission that affect the arithmetic equality.
    Report a mistake
  89. 89.
    Transactions and other events are accounted and presented in accordance with
    Show answer and explanation
    Answer: A —
    legal form
    This question was cancelled by the commission.
    Report a mistake
  90. 90.
    Which of the following equation is correct?
    Show answer and explanation
    Answer: B —
    share premium = issue price – par value
    Share premium is the excess of issue price over the par value of the share.
    Report a mistake
  91. 91.
    The financing need is equal to
    Show answer and explanation
    Answer: D —
    fixed asset + current assets – current liabilities
    Financing need / total capital required can be derived as Fixed Assets + Current Assets - Current Liabilities (Net Working Capital approach).
    Report a mistake
  92. 92.
    Which of the following statement is not true?
    Show answer and explanation
    Answer: C —
    interest on capital is a reward for the different amounts of work partners may perform
    Interest on capital is a return on the capital contributed, not necessarily a reward for work performed (which is salary or commission).
    Report a mistake
  93. 93.
    All of the following influence capital budgeting cash flow exept
    Show answer and explanation
    Answer: D —
    method of project financing used
    Financing methods (how a project is funded) are separated from capital budgeting cash flow estimations, which focus on operating cash flows.
    Report a mistake
  94. 94.
    When capital must be rationed, the firm should rank project according to their:
    Show answer and explanation
    Answer: A —
    profitability index
    This question was cancelled by the commission.
    Report a mistake
  95. 95.
    Which of the following does not make the firm more vulnerable to financial distress?
    Show answer and explanation
    Answer: D —
    the tax shield
    The tax shield from debt provides a tax benefit, whereas the others increase vulnerability to financial distress.
    Report a mistake
  96. 96.
    Which of the following is the main objective of cash management?
    Show answer and explanation
    Answer: C —
    Optimization of cash balance
    The main objective of cash management is the optimization of cash balance to maintain liquidity while avoiding idle cash.
    Report a mistake
  97. 97.
    Which of the following is true for Net Income Approach?
    Show answer and explanation
    Answer: B —
    Higher Debt is better
    Under the Net Income Approach, the overall cost of capital decreases with higher debt, implying higher debt is better.
    Report a mistake
  98. 98.
    Financial Leverage is calculated as:
    Show answer and explanation
    Answer: B —
    EBIT ÷ PBT
    Financial leverage is measured as racEBITPBTrac{EBIT}{PBT} (Earnings Before Interest and Tax divided by Profit Before Tax).
    Report a mistake
  99. 99.
    Which of the following items is not an appropriation of profit for a limited company?
    Show answer and explanation
    Answer: A —
    Debenture interest payable
    Debenture interest is a charge against profit (an expense), not an appropriation of profit.
    Report a mistake
  100. 100.
    which of the following would not appear in the trial balance as debit balance
    Show answer and explanation
    Answer: A —
    returns outwards
    Returns outwards (purchase returns) have a credit balance, whereas the others have debit balances.
    Report a mistake

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