Question
Which accounting concept restricts a firm from booking advance amount received from customers as a sale in the books of accounts?
More Accounts Questions
- According to section 11 of the Indian Contract Act agreement with a minor is:
- Foreign currency transactions are initially recorded using:
- An investment of ₹1,50,000 promises to pay ₹50,000 at the end of each of the next three years, plus ₹70,000 at the end of year 4. If the discount rate is 1...
- Which of the following is not an objective of management accounting?
- Which risk is a bank facing due to the mismatch between its assets and liabilities tenure?
- According to the Banking Regulation Act, 1949, non-banking assets must be disposed off within _____ years from the date of acquisition or period extended b...
- Under which activity would the payment of dividend be classified as, in a cashflow statement?
- Goods returned by customer will be debited to which account?
- Tangible property to be consumed in production of goods or services or held for sale in the ordinary course of business is defined as:
- Government company is defined under which section?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt