Explanation:
The Business Entity Concept treats the owner and the business as two distinct legal entities, separating personal and business transactions.
Explanation:
A Value Added Statement shows how much wealth the company has created and how it is distributed among employees, government, providers of capital, and retained earnings.
A: The Contingency Fund of India is established to meet unforeseen expenditures. R: The President can make advances from this fund without parliamentary approval. Choose the correct option.
A.A is true but R is false
B.A is false but R is true
C.Both A and R are true and R is the correct explanation of A
D.Both A and R are true but R is NOT the correct explanation of A
Explanation:
The Contingency Fund of India is an imprest held by the President to meet urgent, unforeseen expenditures. The President can authorize advances from it, which are later regularized by Parliament. R correctly explains the mechanism.
No comments yet. Be the first to start the discussion!