“Revenues and expenses must be recorded in the accounting period in which they were earned or incurred, no matter when cash receipts or outlays occur”. This is followed as per which of the following accounting methods?
The Mercantile Basis, also known as the accrual basis, is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash is actually received or paid out. It recognizes revenue when it is earned, regardless of when the payment is received, and recognizes expenses when they are incurred, regardless of when the payment is made.
If each observation in a data set for number of employees in different divisions is doubled then the coefficient of quartile deviation:
For the data set
X: 1 2 3 4 ...
If A and B are mutually exclusive, the general addition rule is:
For the two variables X and Y, the following observations are tabulated
X: 3 4 ...
The probability of getting 9 cards of the same suit in one hand at a game of bridge is
Let (Xi, I ≥ 1} be independent and identically distributed random variables with P(Xi =1) = p = 1-P(Xi = 0), Sn = ∑ni = 1 X i . The dist...
Statistics is not applicable to ________ observation.
For the distribution
X: 1 0 1
P(x): 0.3 ...