If rights and beneficial interest in a property is transferred but documentation and legal formalities are pending then seller & purchaser should record in their accounts as sale & purchase. Which principle is applied here
The principle of "substance over form" emphasizes that the economic reality of a transaction should be considered more important than its legal or accounting treatment. In the scenario described, where rights and beneficial interest have been transferred even though documentation and legal formalities are pending, recognizing the transaction as a sale and purchase reflects the substance of the transaction, as opposed to just the legal form.
Select the option that is related to the third term in the same way as the second term is related to the first term.
DFB : GHC :: LNJ : ?
If ‘ GLOSSORY ’ is coded as 97533562 and ‘ GEOGRAPHY ’ is coded as 915968402 , then ‘ GEOLOGY ’ can be coded as
...Select the option that is related to the third term in the same way as the second term is related to the first term.
KJPO: PQKL:: LINO:?
If all the vowels in the word ‘REJECTION’ are changed to the next letter in the English alphabetical order and all the consonants remain the same th...
In a certain code language, SAFETY is written as 21 – 3 – 8 – 7 – 22 – 27. How will FRIEND be written in that code language?
...In a certain code RAINBOW is written as VNAMHZQ. How is SEMINAR written in that code?
Select the word that CANNOT be formed by using the letters of the given word.
COURAGEOUS
Select the option that is related to the third term in the same way as the second term is related to the first term.
SZ : RA :: IL :
If A denote ÷, B denotes x, C denotes + and D denotes -, what is the value of 16 B 20 A 4 C 5 D 6?
Select the letter-cluster from among the given options that can replace the question mark (?) in the following series.
PNNA, RPPE, TRRI, VTTO, ?
