Conservatism principle states that record for the anticipated losses and Expenses. It is also called prudence principle. Example-Provision for Doubtful debt - The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now. Also, Valuation of Inventory is done at Cost or Net Realizable Value, whichever is less.
Non-vascular plants do not contain:
Which of the following statements are correct?
I. Atal Pension scheme was launched on 9th May, 2015.
<...If the mean of 3, 4, 9, 2k, 10, 8, 6 and (k + 6) is 8, and mode of 2, 2, 3, 2p, (2p + 1), 4, 4, 5 and 6 (p is a natural number) is 4, then the value of ...
A core assumption of ____ approach is that management and staff, and all members of the organization share the same objectives, interests and purposes...
Five friends A, B, C, D, and E are sitting in a straight row, facing north. A is not at the exact centre position of the row. C is second from one extre...
Profit and Loss Account is prepared:
Fill in the blank with the right choice:
Customers may provide you with their cell number at one point but that doesn’t grant you the right to ...
Who started the Saka Era and when?
Android Operating system is an example of which kind of Source Model?
The owner of the business is treated as a creditor of the business according to which of the following concept?