Question
Which mountain range separates North and South
India?Solution
The Vindhya Range is historically considered the geographical boundary between North and South India. These mountains run across central India and have been significant in India's history as a natural barrier facilitating distinct cultural and political developments on either side.
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
A trader maintains accounts on cash basis and records revenue only when received. Which fundamental accounting assumption is not followed?
Which accounting principle states that revenue should be recognized in the accounting period in which it is earned?
An enterprise follows accrual basis of accounting and records revenue when it is earned and expenses when incurred. A client makes an advance payment of...
The basic accounting equation is:
An enterprise follows accrual basis of accounting and records revenue when it is earned and expenses when incurred. A client makes an advance payment of...
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