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Revenue recognition of services depends as the service is performed. This is further divided into two ways: (a) Proportionate Completion Method: This method of accounting recognizes revenue in the statement of profit & loss proportionately with the degree of completion of each service. Here the service completion consists of the execution of more than one act. Revenue is recognized with the completion of each such act. (b) Completed Service Contract Method: This method of accounting recognizes revenue in the statement of profit & loss only when the rendering of services under a contract is completed or substantially completed.
Which of the following is the commercial unit of electric energy?
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The average of n numbers is 60. If each of 55% of the numbers is increased by 14 and each of the remaining numbers is decreased by 12, then the new aver...
Simplify: 6(x³ − 2x² + 3x) − (x³ + 2x − 3).
If sin A = 4/5, then (3 − tan A) (2 + cos A) is:
Which of the following pair is not correctly matched?
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