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Preparing for board and competitive exams can be daunting due to the volume of information and the pressure to perform well. However, there are valuable tools such as question banks and sample ...

Sample #1: Answer: B) Canceled debts as gifts, since they aren’t taxable income. Explanation: When a debt is canceled as a gift, it is excluded from taxable income because gifts are not subject to ...

Six-mark questions are often the questions that people find the most difficult. In all longer answer questions, but especially the six-mark ones, it is important that you plan your answer and not just ...