The 'Deduction under Section 80C' is available up to maximum of: MCQ with Answer and Explanation

Explanation:
Selling goods on credit increases current assets (debtors) without affecting current liabilities, thereby increasing a current ratio that is already greater than 1.

Explanation:
Going concern concept assumes that the enterprise will continue in operation for the foreseeable future, and has no intention to liquidate.

Explanation:
BRS reconciles the bank balance as per cash book (bank column) with the balance as per bank statement (pass book).