The question asks for the textile finishing process where surface fibres are burned off to create a smooth surface.
Singeing is the specific textile finishing process designed to achieve this. In this method, fabrics are passed quickly over a controlled flame or heated metal plate. This process burns away protruding or loose surface fibres (hairs) from the yarn.
The other options are incorrect because they perform different functions:
Therefore, singeing is the correct textile finishing process for burning off surface fibres to produce a smooth surface.
Professional people like doctors, lawyers, etc., ascertain their profit or loss under
Prepaid Rent A/c is a
“Legal expenses incurred to defend a suit for breach of contract to supply goods” is
Which of the following statements are true?
1. Prepaid rent is a Personal A/c.
2. Interest on Drawings is an income for the business.
3. Accrued income and income due but not received are same.
4. Cost of obtaining licence to carry out business is a capital expenditure.
Match List I with List II.
List I (Accounting Concepts) | List II (Purpose/Applicability) | ||
A. | Going Concern Concept | I. | The same accounting method used by a firm from one period to another |
B. | Consistency | II. | Relate to the relative size or importance of an item or event |
C. | Cost concept | III. | This an inappropriate assumption for a firm undergoing bankruptcy |
D. | Materiality | IV. | The normal basis used to account for assets |