Question
Which of the following statements is true for cash basis
accounting?Solution
The correct answer is D. In cash basis accounting, revenue is recognized only when cash is received and expenses are recognized only when cash is paid. Therefore, revenue is not recognized when earned and expenses are not recognized when incurred.
Palamau Tiger Reserve is situated in which state?
'Rang Ghar', one of Asia's oldest amphitheatres, was built by the king of the ______ dynasty.
The Act that is also known as ‘Morley-Minto Reforms’ is:
On 17 January 2021, Virgin Orbit the California-based satellite launch company recently launched its LauncherOne rocket to the orbit. What statements is...
What is the original name of the Empress of India Act and when was it instituted?
Golf player Vijay Singh belongs to which country?
Saikhom Mirabai Chanu is an _______ .
Which chess player is not among the FIDE Chess Top 5 Players? Â
Which of the following is correct?
How many dance forms have been acknowledged by Sangeet Natak Akademi as classical dance forms of India as on November 2020?
