Commerce Questions & Answers

Assets = Liabilities + Capital. It is the basic relationship connecting business resources with outsider and owner claims.

Planning provides direction, reduces uncertainty, coordinates activities and creates standards for control.

The law of demand states that, other things remaining the same, quantity demanded generally varies inversely with price. A full answer should discuss assumptions and exceptions.

Net working capital is commonly expressed as Current Assets - Current Liabilities and reflects short-term operating liquidity.

Capital = Assets - Liabilities = ₹75,000.

A research gap is an area, question, context or relationship not adequately addressed in existing literature and suitable for further investigation.