Question
Cash withdrawn by the proprietor from the business for
his personal use’ causesSolution
When the proprietor withdraws cash from the business for personal use, it results in a decrease in the cash asset since cash is being taken out of the business. At the same time, it also causes a decrease in the owner's capital because the owner's capital represents the owner's investment in the business. When the owner withdraws cash for personal use, it reduces their ownership interest in the business, leading to a decrease in owner's capital.
With respect to Marginal Costing, which of the following statement is incorrect?
In the context of filing of financial statements by a company, the term “XBRL” means......................
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in % if the budgeted units are 1,00,000.
Which of the following is considered as nominal account?
What is the minimum amount of loan outstanding of a borrower or guarantor, for them to be classified as a Wilful Defaulter?
A listed insurer remeasures its defined benefit plan obligation at year-end, and also records fair value changes of equity instruments irrevocably desig...
Which of the following is not allowed in small accounts?
The costs which were incurred in the past and ignored under capital budgeting are known as_____.Â
The cost of sales is equal to:
Which of the following assessee is not liable to pay advance tax u/s 207?
Relevant for Exams:
