Debt collection period is the average time taken to collect the amount due from trade receivables. Lesser the debt collection period, greater is the efficiency of management in collection of cash from trade receivables. It is calculated as follows:
Debt collection period (in days) = \(\frac { Number\quad of\quad days\quad in\quad a\quad year }{ Tradereceivablesturnoverratio } \)
Debt collection period (in months) =\(\frac { Number\quad of\quad days\quad in\quad a\quad year }{ Trade\quad payable\quad sturn\quad over\quad ratio } \).

(i) Public issue
Issue of equity shares to the public through prospectus by a public company is called public issue. It includes initial public offer and further public offer.
(ii) Private placement
Private placement means any offer of equity shares or invitation to subscribe equity shares to a select group of persons by a company (other than by way of public offer) through issue of a private placement offer letter and which satisfies the conditions specified in Section 42 of the Indian Companies Act, 2013.

The significance of financial statements to various stakeholders is as follows.
(i) To management:
Financial statements provide information to the management to take decision and to have control over business activities in various areas.
(ii) To shareholders:
Financial statements help the shareholders to know whether the business has potential for growth and to decide to continue their shareholding.
(iii) To creditors:
Creditors can get information about the ability of the business to repay the debts from financial statements.
(iv) To bankers:
Information given in the financial statements is significant to the bankers to assess whether there is adequate security to cover the amount of the loan or overdraft.
(v) To government:
Financial statements are Significant to government to assess the tax liability of business concerns and to frame and amend industrial policies.

The value involved are Respect for women and women empowerment.

Values being affected are
(i) Reliablility: Value of reliability is affected as accounts maintained on single entry system are less reliable as they are prepared from incomplete records.
(ii) Accuracy: Value of arithmetical accuracy is affected, as in single entry system, trial balance cannot be prepared which proves arithmetical accuracy of accounts.

(i) Under this method, only one capital account is maintained for each partner.
(ii) The capital is changing from period to period.
(iii) This capital account shows always a credit balance
(iv) All adjustment relating to partners are recorded directly in the capital account.

Goodwill may be classified into acquired goodwill or self-generated goodwill.
(i) Acquired or purchased goodwill:
(1) Goodwill acquired by making payment in cash or kind is called acquired or purchased goodwill.
(2) The excess of purchase consideration over the value of net assets acquired is treated as acquired goodwill.
(ii) Self - generated goodwill:
It is the goodwill which is self generated by a firm based on features of the business such as favourable location, local customers, etc. Such self-generated goodwill cannot be recorded in the books of accounts.