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.
What is the obligation of the State concerning the promotion of justice according to the Constitution ?
What does the term "Air Pollutant" refer to in the context of the Air Prevention and Control of Pollution Act 1981?
As per section 150 of the Contract Act________ is bound to disclose to the faults in the goods bailed, of which he is aware, and which materially inter...
Under which Act is the legal framework for the recovery of debts by banks and financial institutions governed?
As per Companies Act, 2013, an auditor of a company cannot render which of the following service?
Under the Transfer of Property Act, 1882 ‘Attached to the earth' doesn't mean:-
Fiction theory is related to which of the following concepts
According to the IBC if the operational creditor does not receive payment from the corporate debtor or notice of the dispute, the operational creditor m...
Every agreement of which the object or consideration is unlawful is_____________
Special leave to appeal can be granted by the Supreme Court-
