Theory Base of ...

A business has the following items in it:
Land - $$Rs 1000000$$
Machinery - $$Rs 20000$$
Cash - $$Rs 10000$$
Debt - $$Rs 0$$
Owner's equity will be _____________.

The basic concepts related to P & L A/c are ________________.

The concept of separate entity is applicable to which of following types of business?

Goods and Service Tax (GST) is a consolidation of many ________ already levels in India. 

A business has following items:
Vehicles Rs 600,000, 

The immediate recognition of loss is supported by principle of __________. 

A business has the following items in it:
Owner's equity - $$Rs. 600000$$
Liabilities - $$Rs. 1400000$$
What is the value of Assets will be __________.

A business has the following items in it:
Land Rs 1,500,000
Machinery Rs 80,000
Cash Rs 20,000
Owners equity Rs 900,000
Loan Rs 500,000
Creditors?

Financial information is said to be __________ if its misstatement influences the decision making of the users on the basis of that information.

An old car having a book value of Rs. 50,000 on 1st April 2013 and having a market value of Rs.10,000 as on 31st March 2014 is reported in the financial statement at Rs. 45,000 after charging depreciation of Rs. 5000. The company is following ______ method of valuation.