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.
Microspores that are found directly on microsporangia and are not covered, are classified in which division?
According to the APEDA Act, which of the following is not included in the list of scheduled products?
The sowing of maize in kharif season in 2 ha and the sowing of mustard in Rabi season in one hectare, what is the intensity of crop?
In onion, smell occurs due to the presence of?
FSSAI has been established under the Food Safety and Standards Act
National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED) was established on the auspicious day of Gandhi Jayanti on 2nd October 1958....
Ladakh got it first ever GI tag to which of the following agriculture commodity?
Which one among the following is a legumenous fodder:
Which one of the following crop is otherwise known as Kenaf?
The symbiotic association ,Mycorrhizae help in absorption of:
