Question
If the amount of any known liability cannot be
determined accurately, then:Solution
When the amount of a known liability cannot be determined accurately but is expected to be incurred, it is a common accounting practice to create a provision. A provision is a liability that is recognized when the amount is uncertain but can be reasonably estimated.
Average speed of ‘A’ during a 24-hour journey is 34 km/h. If he covered the first 120 km of his journey at a speed of 30 km/h, then find the speed a...
From the information given below, calculate the sum insurable :
Date of fire-01.03.2016
Turnover from 01.03.2015 to 29.02.2016 - ₹ 88...
Consider the following statements:
1. The appointment of the Advocate General of a state is done by the state governor while removal is done b...
Study the given letter, symbol series and answer the question that follows:
# 9 1 @ 4 * 7 ^ 5 3 # 9 1 < 5 4 @ 3 $ 3 # 2 * 6 ! 4 2 < 9 < 3 6 # 2 %...
Brahmo Samaj’s influence was confined mostly to the Â
When we are travelling in a bus, we tend to move forward when the bus is stopped suddenly. This is because of ________.
Beauty of some historical monuments is greatly affected by the growth of certain living organisms. These living organisms belong to which one of the fo...
What term  is used to denote the repetition of data in DBMS?
A union whose membership may cover workers employed in many industries, employment and crafts is known as
The origin of Indian music can be traced to which of the following Vedic Samhitas?
