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Fundamentals of Accounting (FOA) Test Paper 1 Answer all questions. Each question carries 2 marks. Choose the correct answer among the alternatives given. Suitable justification needs to be provided. .... Read full articles...
Residential status is determined for each category of person separately e.g. there are separate set of rules for determining the residential status of an individual and separate status for companies Read full articles...
the subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration, shall be entered as member in its register of members Read full articles...
The process of accounting for cost which begins with recording of income and expenditure or the bases on which they are calculated and ends with the preparation of periodical statements and reports for ascertain and controlling costs Read full articles...
What is Law? Law means a ‘set of rules’ which governs our behaviours and relating in a civilized society. So there is no need of Law in a uncivilized society. Read full articles...
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