Question
Which of the following is the characteristic of price?
Solution
Price is the amount of money that has to be paid to acquire a given product. So long as they are not artificially controlled, prices provide an economic mechanism by which goods and services are distributed among the large number of people desiring them.
The preparation of a trial balance is for:
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• Cash & Bank Balances: ₹2 crore
• Trade Receivables: ₹4 crore
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Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
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The Debt-Equity Ratio is a measure of a company's:
