Mr Siddharth invests Rs 50000 cash in his business. The a/c to be credited is:
Which of the following statements relating to the difference between Profit and Loss Account and Balance sheet is correct?
A proprietor has enjoyed some benefits personally, for example use of the company’s car then a suitable amount should be treated as ___________.
Depreciation is to be calculated from the date of:
Which of the following statements related to Profit and Loss Account is not correct?