Advance amount received from customers is not considered as sale. It is based on which concept?
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.
Divan Cup is related to which sport?
Which fintech giant launched the consumer-facing application Pincode integrated into India's Open Network for Digital Commerce (ONDC) framework?
The high yield variety seeds Sonalika and Kalyan Sona belong to which crop?
Which of the following utilises sunlight in a direct fasion?
What is India's current ranking on the World Bank's Logistic Performance Index (LPI) 2023?
Art of cultivation of forest trees is called __________.
India is a part of which among the following given below?
Which of the following 3 banks are in PCA at present as per RBI?
What is the height of the Statue of Unity that is located in Gujarat?
When was revolt of 1857 finally suppressed by British?
