Commerce Quiz 27 || UGC NET Paper 2 || Accounting and Auditing

Which one of the following is not an example of ‘financing activities’ with reference to cash flow statement?

Which one of the following statements is true about estimated costs and standard costs?

Which one of the following statements is not true?

Assertion (A): Personal transactions of the owners of the business are not recorded in the books.

Reasoning (R): According to the business entity concept, each business enterprise is considered as an accounting unit separate from owners.

A reduction from the list price that is offered by a seller to buyers in payment for marketing functions the buyers will perform is known as: