Question

Which accounting concept restricts a firm from booking advance amount received from customers as a sale in the books of accounts?

A Conservatism
B Consistency
C Accrual
D Money Measurement
E Accounting Period
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)