What is NAV?
BV of equity -> Assets - liabilities/ No of o/s shares
Types of financial statements?
What are the golden rules of accounting?
Prepaid expenses paid for 1 year
Effect on financial statements
Effect of increase in CA in CFS
3 types of financial statements
No of iphone users
Mature firm - Debt , young firm - equity
Expense not recognised entry:
To cash a/c
Zero coupon bonds