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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 one of the following longitudes determines the Indian standard time?
Which is the hottest planet in the solar system?
In which atmospheric layer is there no decrease in temperature with an increase in altitude?
The "Grand Canyon," one of the largest gorges in the world, is formed by which river?
The Equator does NOT pass through which of the following countries?
What term describes Earth's closest point to the Sun in its orbit?
Venus's atmosphere primarily contains what type of clouds?
Into which sea does the Nile River discharge its waters?
Machkund Hydroelectric Project is a joint venture of which states?
In which part of India is Dandakaranaya situated?
