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Give the examples of statutory corporations in india.

Some of the examples of statutory corporations in india are:Life Insurance Corporation (LIC)Reserve Bank of India (RBI) State Bank of... View Article

Legacies should be treated as a liability. We should record legacy as capital receipt because it is received for a... View Article

Depreciation arises because of wear and tear. Hence, the correct option is (a).

Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive... View Article

Voucher class for interest calculation created based on debit and credit note.

Some of the phrasal verbs of continued include keep on, carry on, and go on.

Memorandum Revaluation Account is prepared at the time of admission or retirement. In addition, this is prepared when the partnership... View Article

The journal entry would be: Loss by fire a/c Dr Rs. 5000 To purchase a/c Cr Rs. 5000

An account of a firm/business enterprise prepares the bank reconciliation statement.

Margie hated school because it wasn’t fun. Her teacher was a mechanical teacher who was punctual. She disliked inserting the... View Article

The ten examples of perfect participle are as follows: 1) Having recieved the message, she left the office immediately. 2)... View Article

Sanity is the abstract noun form of sane.

An example of fixed capital is _____. a) building b) labour c) money d) raw materials Answer: a) building An... View Article

The abstract noun of human is humanity. An abstract noun is a type of noun that refers to the quality,... View Article

No, Journal is not a book of secondary entry since it is the book of original entry or primary entry.

A governmental organization is run and staffed by government employees. All of the funds that pay for its expenses come... View Article

The journal entry for sold onld furniture for Rs. 50000 is Cash a/c Dr. 50000 To Furniture a/c 50000.

”One of my friends has” is correct, Here, the subject in this sentence is ”One”. Hence, the verb should also... View Article

An emperor is like a king or a male head of an empire. However, Emperor is a person with absolute... View Article

The prefix of the word belief is disbelief. Prefixes are letters that we add to the beginning of a word... View Article