Questions

The Business Entity concept is also called as Separate Entity or Economic Entity concept. This concept states that the transactions and all the balances related or associated with a business must be recorded or accounted separately from other businesses or the individual personal transactions.

Part IV (dealing with Directive Principles of State Policy) and Part IVA(dealing with Fundamental Duties) are not applicable to the state.Articles 19(1)(f) and 31(2) of the Constitution are still applicable to Jammu and Kashmir.An amendment made to the Constitution of India does not apply to thestate unless it is extended by a presidential order.Article 35A of theIndian Constitution is an article that empowers the Jammu and Kashmir state's legislature to define “permanent residents” of the state and provide special rights and privileges to those permanent residents