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Based on the recommendations of the Education Commission (1964–66), the first national policy statement on education was issued in 1968. The policy endorsed the adoption of a uniform pattern of school education across the country consisting of 10 years of general education program followed by 2 years of diversified schooling.
The income statement can be prepared in one of two methods. [4] The Single Step income statement totals revenues and subtracts expenses to find the bottom line. The Multi-Step income statement takes several steps to find the bottom line: starting with the gross profit, then calculating operating expenses. Then when deducted from the gross ...
The subjects of NCF 2005 include all educational institutions in India. A number of its recommendations, for example, focus on rural schools. The syllabus and textbooks based on it are being used by all the CBSE schools and multiple state schools. [8] NCF 2005 has been translated into 22 languages and has influenced the syllabus in 17 states.
A cash flow statement reports on a company's cash flow activities, particularly its operating, investing and financing activities over a stated period. Notably, a balance sheet represents a snapshot in time, whereas the income statement, the statement of changes in equity, and the cash flow statement each represent activities over an accounting ...
The stem is the opening—a problem to be solved, a question asked, or an incomplete statement to be completed. The options are the possible answers that the examinee can choose from, with the correct answer called the key and the incorrect answers called distractors. [4] Only one answer may be keyed as correct.
The use of this statement is to provide relevant and focused on a period, so that users of financial statements with sufficient information to: Evaluate the company’s ability to generate resources. Assess the reasons for the differences between net income and funds generated or used by the operation.
Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses. These items are not part of net income, yet are important enough to ...
With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 1,69,496 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country. In contrast, the gross national income at constant prices stood at over 128 trillion rupees. [2]