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Questions and Answers
Is the assessment year a period of 6 months starting on the 1st day of April every year?
False
Assessment year means the period of 12 months commencing on the 1st day of January every year.
False
Assessment year is a period of 12 months starting on the 1st day of April every year.
True
Business transactions are recorded in the books of account from the company's point of view and not the owners are considered separate from their business's point of view and are regarded are ______ to the extent of their capital
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Business entity concepts state that the business and owner are separate ______
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