Which of the following ratios measure the ability of a firm to meet short-term obligations? Posted on:
When both debit and credit entries of a transaction are shown in the cash book, it is described as Posted on:
“Transactions are governed by legal principles, but are nevertheless accounted for and presented in accordance with the substance and financial reality”. This is in compliance with the principle of Posted on:
Where a firm has not kept proper books of account, an increase in closing capital over opening capital represents Posted on:
