Provision for bad and doubtful debts is based on the principle of
Accounting conservatism is a principle that requires company accounts to be prepared with caution and high degrees of verification. All probable losses are recorded when they are discovered, while gains can only be registered when they are fully realized. The principle of conservatism means that a company shoul · record for the anticipated losses and expenses · but do not record the anticipated profits or gains As such, Provision for Doubtful debt is based on recording anticipated losses. The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now.
Recently the Central government announce to allocate an additional Rs 28,000 crore for which of the following central flagship programme?
Who replaced Mahendra Chhajed in the Committee of Advisors for Abhyudaya Cooperative Bank Ltd.?
Who has taken command of the IAF Western Command recently?
The Union Cabinet has given the approval for setting up of _____ new Greenfield Airports in different states out of which 9 airports are being operative.
The Central Detective Training Institute has been planned to be set up in which state of India for which the stone has been laid?
Who has been roped in as the ambassador of the Russian Film Festival in India?
What is the theme of International Day of Education 2023?
SIDBI has partnered with ___________ to connect the informal rural microenterprises with the formal financial sector to help them digitise their busines...
Which program aims to advance access to high-speed internet and meaningful connectivity as a fundamental right in rural regions of India?
Who will be the new Vice Chairman of the Planning committee NITI Aayog?