Explain Business Entity Concept
Give a brief introduction of the term ‘Business Entity Concept’?
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The business has an individual legal identity than the person who possesses the business. The accounting procedure is taken out for the business and not for the person who is carrying out the business. This concept is appropriate to both, non-corporate and corporate organizations.
Write down the various elements of costs?
What are the information do you require before you approve any invoice for payment?
Write down the various methods employed to compute labour turnover?
Give a brief introduction of the term capital budgeting? And also describe its significance?
For replacement of assets does depreciation generate funds?
Give a brief introduction of the term ‘Convention of Conservation’?
Give a brief introduction of the term valuation of issues and valuation of returns?
Give a brief introduction of the term ‘Gross Profit’?
Write down the provisions of purchase back of shares as said by Companies Act, 1956?
To make public issue write down the eligibility criteria for a listed company?
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