Question

The Indian company’s act 1956 and SEBI, has provided a format for the preparation of Profit/Loss and Balance Sheet of the company which can enable the user to make correct assessment about the profitability and financial soundness of the enterprise under the Accounting concept popularly known as:​

Answer 1

Answer:

The Indian company’s act 1956 and SEBI, has provided a format for the preparation of Profit/Loss and Balance Sheet of the company which can enable the user to make correct assessment about the profitability and financial soundness of the enterprise under the Accounting concept popularly known as: single entry system