Marginal cost is the cost of: MCQ with Answer and Explanation

Explanation:
Auditors consider events after the reporting period up to the date of the report.

Explanation:
Direct taxes, like Income Tax and Wealth Tax, are levied directly on the income and wealth of individuals or entities. The burden of direct taxes cannot be shifted to someone else. S1 is correct, S2 is incorrect.

Explanation:
The deficiency in the guaranteed profit is borne by the partner(s) who gave the guarantee, in their profit-sharing ratio for the guarantee.