Question
Ownersâ equity is shown as the liability in the
balance sheet. This is based on the accounting concept:Solution
Business entity concept is one of the accounting concepts that states that business and the owner are two separate entities and therefore, should be considered separate from each other. As per this concept, the financial transactions pertaining to the business entity should be recorded separately from the business owners transactions.
Which one of the following statements is true with regard to the image formation by two eyes of a person?
Three different positions of the same dice are shown. Find the number, which can be on the face opposite the face showing '6'.
âOperation Spiderâs Webâ recently seen in the News, has been conducted by which of the following countries?Â
Which of the following were members of the States Reorganisation Commission (SRC), 1953?Â
1. K.M. PanikkarÂ
2. H.N. KunzruÂ
3. P...
In the context of accounting, the term IFRS stands for
Consider the following statements regarding the informal workforce in India:
I. Around 91% of Indiaâs workforce is engaged in the informal sect...
According to âThe child labour prohibition and regulations act 1986â how many hours of overtime can be taken from a young child?
Which of the statements given below are correct regarding the Start-ups in India?
1. They are less than a decade old entity with a turnover less ...
Which one of the following will not be reduced by metallic zine?
What is the minimum number of employees required for an establishment to be covered under the Employeesâ Provident Funds and Miscellaneous Provision A...
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