One statement is given, followed by two assumptions, I & II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given assumptions can definitely be drawn from the given statement. Statement: “You are appointed as a trainee accountant on temporary basis. Your employment status will automatically be converted to permanent on submission of pass result of M Com final exam." — Extract from an appointment letter. Assumptions: I. M Com final exam is a reasonable proof of an accountant's capability. II. All trainees are appointed on temporary basis.

One statement is given, followed by two assumptions, I & II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given assumptions can definitely be drawn from the given statement. Statement: “You are appointed as a trainee accountant on temporary basis. Your employment status will automatically be converted to permanent on submission of pass result of M Com final exam." — Extract from an appointment letter. Assumptions: I. M Com final exam is a reasonable proof of an accountant's capability. II. All trainees are appointed on temporary basis. Correct Answer Only assumption I is implicit

(Implicit - suggested though not directly expressed)

I. M Com final exam is a reasonable proof of an accountant's capability.

The phrase “employment status will automatically be converted to permanent on submission of pass result of M Com final exam” indirectly suggests that M Com final exam ensures the candidate’s credibility to such an extent that the candidate’s position can be made permanent on the basis of the pass result.

Thus, it can be assumed that M Com final exam is considered as a proof of an accountant’s capability.

II. All trainees are appointed on temporary basis.

The letter is being addressed to a particular candidate as it is an appointment letter.

Therefore, we cannot generalize the situation of the candidate.

Hence, only assumption I is implicit.

Related Questions

Consider the 5 × 5 matrix \[{\text{A}} = \left[ {\begin{array}{*{20}{c}} 1&2&3&4&5 \\ 5&1&2&3&4 \\ 4&5&1&2&3 \\ 3&4&5&1&2 \\ 2&3&4&5&1 \end{array}} \right
The conditions regarding selection from a list of suitable candidates to be called for interview after a written examination for appointment of management-level persons to a multi-national company providing accounting services and sales are mentioned below. Candidates: a) Must have a Bachelor's degree in Basic Science with 65% or more marks or BE with 55% or more marks. b) Must have passed the examination with 70% or more marks. c) Age must be between 25 to 30 years as of 1/4/18. d) Must have 3 years of experience in an Accounting Institution and must have a Diploma in Accounting with 60% or more marks. e) Must be currently getting CTC of Rs. 6 lakh or more per annum. If the candidate: 1) If he fulfills all the other conditions other than A above, he will be designated as Junior Accountant. 2) If he fulfills all the other conditions other than (d) and (e) above, he can be designated as Trainee-Accountant. If he fulfills all the above conditions including 5 years of experience, he can be designated as a Senior Accountant. He can be designated as Manager (Accounts) if he fulfills all the above criteria including educational qualifications of CA/ ICWA/ MBA (Finance). Study all the above information and answer the following question. Varun has passed the CA exam and has a bachelor's degree in basic science and a diploma in accountancy, having scored 75% or more in the written examination during his entire career and also in the written examination. His age is 27 years and with 4 years of experience in Accountancy, he has a CTC salary of 18 lakhs per annum. To which of the following positions can he be referred? Select from the given options.