Correct Answer: it acts as a framework for a business's financial record-keeping procedure

Solution : The COA acts as the framework for a business's financial record-keeping procedure. It offers a logical framework that makes it easier to add new accounts and remove old ones. Hence, the correct option is 1.

Correct Answer: Partner's Capital Account Debit with 28,000

Solution : Answer = Partner's Capital Account Debit with 28,000

When an investment valued at Rs 34,000 is taken over by any partner by Rs 28,000. Partner capital account will be debited by Rs 28,000 and credited to the realisation account by Rs 28,000.

Partner's capital a/c......Dr 28,000
To Realisation a/c 28,000.
Hence, the correct option is 1.

Correct Answer: 20%
 

Solution : Large deposits of iron ore, coal and natural gas are found in the country. India alone accounts for nearly 20% of the total iron ore reserves of the world.
Hence Option C is correct.

Hello,

If you didn't circle the numbers under your roll number in the OMR sheet, it could cause an issue during the evaluation process. The circled numbers help the evaluators accurately identify and match your roll number with your answers. There is usually a computerized process with OMR sheets which might result into issue with your paper but the authorities might look into this matter.

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Hello,

To pursue a diploma in Civil Engineering, eligibility criteria can vary depending on the institute to institute Generally, for a diploma in Civil Engineering, you need to have completed your 10th standard (high school) with subjects like Mathematics and Science and also to pass class 12th with Physics, chemistry and mathematics. However, it is always best to check with the specific institute you are interested in for their eligibility requirements.

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Hello Aspirant

The maximum amount of share capital that a business is permitted by its constitutional documents to issue (allocate) to shareholders is known as the authorised capital of a company (also known as the approved share capital, registered capital, or nominal capital, notably in the United States). A portion of the permitted capital may not be issued, which happens rather regularly. Shareholder approval is required to modify the authorised capital. The company’s issued capital is the portion of authorised capital that has been distributed to shareholders.

Dear aspirant!

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A fixed asset, or noncurrent asset, typically is an actual, physical item that a company buys and uses to make products or servicea that it then sells to generate revenue. For example, machinery, a building, or a truck that's involved in a company's operations would be considered a fixed asset.

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