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Commerce Business Statistics And Research Methods Difficulty: Medium

The closing balance of the debtors was Rs. 12,000. The sales made to the customers during the year were Rs. 21,500 and Rs. 23,600 were realized from the customers. Debtors opening balance was- Statement I A form of non-store retailing that uses advertising to contact consumers who, in turn, purchase products without visiting a retail store is called direct selling. Statement II A form of non-store retailing in which personal contact between a sales person and a consumer occurs away from a retail store is called direct marketing. In the light of above statements, identify the correct option of statements being correct or incorrect. The concept of separate entity is applicable to which of following types of businesses? Profit on revaluation of assets in case of retirement of a partner shall be distributed to capital accounts of: According to money measurement concept, which one of the following will be recorded in the books of accounts . . . . . . . .