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Commerce Accounting Difficulty: Medium

The long term assets that have no physical existence but are rights that have value is known as

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Calculate the Gross Annual Value from the following details: Municipal Value - Rs. 45,000 Fair Rental Value - Rs. 50,000 Standard Rent - Rs. 48,000 Actual Rent - Rs. 42,000 In imperfect competition Informal communication is commonly known as Type of budget, which is always available for specified period of future is called Recreation expenses in factory are apportioned on the basis of ________.