Owners’ equity is shown as the liability in the balance sheet. This is based on the accounting concept:
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.
India is offering a one year training programme to 80 cadets from which nation?
Consider the following Statements:
1. USA drug regulator recently approved the world's first gene therapy treatment for sickle cell disease and...
What was the increase in new subscribers to the National Pension System (NPS) in 2023-24?
Which ministry hosted the 'Run for Sun' Marathon in New Delhi to celebrate International Sun Day?
Which of the following statements about MTEX-24 and its inauguration by Defence Minister Rajnath Singh is/are correct?
1. MTEX-24 is a three-day ...
Which of the following banks are controlling the pilot project to launch eRupee Retail?
With reference to the Index of Industrial Production (IIP), consider the following statements:
I. This index...
The first state of India, which separated on Linguistic basis?
What is the main objective of the Memorandum of Understanding (MoU) signed between RBI and Bank Indonesia regarding local currencies?
In September 2023, PepsiCo India announced to set up a new manufacturing plant in which state with an investment of Rs 778 crore?