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As an auditor, I would suggest that Company A should recognize the profit of ₹10 lakh immediately. In this scenario, Company A has sold the machinery to Company B for ₹50 lakh, even though the written-down value (WDV) of the machinery was ₹40 lakh. The difference of ₹10 lakh between the selling price and the WDV represents a profit on the sale of the machinery. Since the leaseback arrangement is in the nature of an operating lease, and not a finance lease, Company A should recognize the entire profit of ₹10 lakh immediately at the time of the sale. Operating leases are typically treated as normal rental agreements, and any profit or loss on the sale should be recognized upfront.
Computer programs are written in a high-level programming languages; however, the human-readable version of a program is called_____
While __________, data transfers from the customers' machine to the server.
In the realm of Assembly language, which statement accurately characterizes its nature?
What is a Microsoft Paint used for?
What is the role of the Processing Unit in a computer?
A_________ can either be malware or hardware. The main purpose of this malware is to record the keys pressed by a user on the keyboard.
Structured programming languages such as C, COBOL and FORTRAN were used in which of the following computers?
What converts an entire program into machine language?
Which device is mainly used for security purposes and for making attendance of employees/ students in
It is a computer programme allowing higher level computer program to interact with a hardware device-