(i) It is not possible for management to plan and take decisions in business with help of bookkeeping and accountancy.
Do you agree or disagree with the following statement :
(i) It is not possible for management to plan and take decisions in business with help of bookkeeping and accountancy.
(ii) Cash-withdrawn by the proprietor from his business for personal use is called capital.
(iii) A person who has to pay the business for getting goods and services on credit is known as the debtor.
(iv) Trade discount is not recorded in the books of accounts.
(v) Purchase of goods is revenue expenditure.
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