Fixed assets are reported in the Balance Sheet at historical cost basis. This is done in order to comply with the accounting principle of:

Arrange the following categories of share capital of a company in the correct order.
1. Paid-up capital
2. Issued capital
3. Called-up capital
4. Subscribed share capital

If the average stock of a firm is Rs. 40,000 and its opening stock is Rs. 5,000 less than the closing stock, what would be the value of Opening Stock?

According to Section 80 of the Companies Act, 1956, a company cannot redeem its Preference shares out of:

A person starts a business with a capital of Rs. 45,000. He purchased goods on credit worth Rs. 5,000. These transactions can be expressed in an accounting equation as-