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.
In a binomial heap, if the root is greater than the left child and less than the right child, which of the following statements is correct?
Which is not the property of Data warehouse
In a digital communication system’s block diagram, which of the below components can be found at the receiver?
Which virtualization technique allows the guest OS to run without being modified and has the lowest overhead?
Round robin scheduling is essentially the preemptive version of
Which of the following language is used for specifying style sheets for XML documents?
Which of the following programming language can be used to process text data for the requirements in various textual data analysis?
What is the primary function of a router in a network?
Which statement is FALSE about open loop system?
Which feature of Big Data refers to the speed of data generation and processing?
