Question
 Which of the following concepts says that the business
is different and the owner is different?Solution
The Business Entity Concept is a fundamental accounting principle that considers a business organization as a separate entity from its owners or shareholders. According to this concept, the financial transactions of the business must be recorded and reported independently of the personal transactions of the owners.
Identify the FALSE statement.
A gave 40% of amount to B. B gave 20% of amount received from A to C. If amount received by C from B is Rs.180, then find the amount received by B from A.
In the first month, the income of Q increases by 40%. In the second month, his income decreases by 40%. What will be the percentage increase or decrease...
With reference to the Finance Commission of India, consider the following statements:
1. According to the constitution of India, the members o...
Which of the following is/are correct regarding to National food security act 2013?
 I.           It covers 75% of the rural popula...
Which shortcut key is used for previewing the page before printing?Â
Which of the following types of farming is primarily practiced in areas with abundant rainfall and involves the cultivation of crops like rice, wheat, a...
Which of the following is an example of an adjusting journal entry?
Consider the following statements:Â
1. The theme for International Day of Yoga 2025 is “Yoga for One Earth, One Health”.Â
2. June 21...
Number of faculties in Physics and Biology in an institute is in the ratio of 3:5 respectively. If 75 more faculties join Physics, while 40 more faculti...
