Question
Accruals are recorded in the books of accounts
through:Solution
Accruals are transactions for which revenue or expenses have been earned or incurred but have not yet been recorded in the books. They are recognized through adjusting entries at the end of an accounting period to ensure that the financial statements reflect the correct revenue and expenses for that period. By making an adjustment entry, the company can match revenues and expenses with the accounting period in which they are earned or incurred, in accordance with the accrual accounting principle.
Which of the following agreements between India and Pakistan is also known as the 'Nehru-Liaquat Agreement'?
Which one of the following can be categorized as a solution?
‘Sengol’ installed in the new Parliament building of India, was seen as a symbol of the path of service, duty and nation in which Empire of the past...
Consider the following statement regarding the Domestic Systematically Important Insurer of India, and identify the correct statement?
i.  �...
PT Usha, who received the prestigious Arjuna Award in 1984 for showing outstanding performance in sport, belongs to which state?
Suraj Kund Mela is celebrated in which state?
In which year was the Treaty of Salbai signed?
Who among the followings has resigned as Italy’s prime minister on 21 July 2022?
Which award is presented by the National Institute of Indian Classical Dance?
Which of the following Article of Indian constitution explains the office of the comptroller and Auditor General of India?
