The accrual accounting concept recognizes revenue when it is earned and expenses when they are incurred, regardless of the timing of cash transactions. When an advance amount is received from customers, it represents a liability until the goods or services are delivered. It is only considered as a sale when the revenue is earned, which aligns with the accrual accounting principle.
Select the letter cluster from among the given options that can replace the question mark (?) in the following series.
IDF, NIK, ?, UPR, WRT, XSU
Who among the following live on the odd floor?
I. E
II. B
III. D
Read the directions carefully and answer the following questions.
Samson, Gill, Bumrah, Pant, Shami, Rohit and Siraj are of different weights....
Two statements are given below and they are labelled as Assertion (A) and Reason (R).
Assertion (A):
Graphite is used in designing of carb...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given conclusions is /are definitely true and then giv...
Six persons Q, R, S, T, U, and V are sitting in a row such that all are facing towards the north direction. V sits third to the right of U. One person s...
Statement:
The prices of food grains and vegetables have substantially increased due to a prolonged strike call given by the truck owners asso...
Select the option that will replace the question mark (?) in the following number series.
456, 444, 420, 384, 336, ?
If the expression ‘S * O % Q @ P, S & N @ M and L # M’ are true, then how is L’s only niece related to the person married to P?
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
