Question
A company pays insurance premium of ₹24,000 for 12
months in advance in March 2025 for the period January 2025 to December 2025. The accountant records the entire amount in the Profit & Loss account of FY 2024–25. Is this treatment appropriate?Solution
Matching principle requires expenses to be recognised in the period they relate to. ₹18,000 is for April–Dec 2025 and should be treated as prepaid.
What constitutes approximately 80% of the total milk proteins and forms micelles that precipitate at pH 4.6?
Which soil horizon is composed of unconsolidated parent material?
The rotation of the Earth contribute to the development of high and low-pressure systems by
In the context of irrigation scheduling, what does the “IW/CPE ratio” represent?
The theory of ascent of sap was given by _____
Flooding is the method used for the reclamation practice in which of the problematic soil?
Which one among the following is used as a pulse, fodder and green manure crop?
The agronomic practice that not only prevents soil erosion by dissipating the kinetic energy of raindrops but also facilitates infiltration and improves...
In British Drug House (BDH) method of pH testing, soil is mixed with distilled water, universal indictor solution and ______for a colour reaction.
In animal cell mitosis, the cleavage furrow forms during which stage of the cell cycle?
