Question
As per AS 9 (Revenue Recognition), revenue from sales of
goods should be recognized when:Solution
Accounting Standard (AS) 9, 'Revenue Recognition', specifies the conditions for recognizing revenue from the sale of goods. The central criterion is the transfer of significant risks and rewards of ownership. This generally occurs when the goods are delivered to the buyer, as delivery typically transfers the risk of damage or loss. A purchase order (A) is just an intention to buy, manufacturing (B) is a production step, raising an invoice (D) is a billing event, and receiving payment (E) is related to cash flow, not revenue recognition.
Select T the option figure that will replace the question mark (?) in the figure given below to complete the pattern.
The question contains pairs of words that are related to each other in a certain way. Three of the following four word pairs are alike as these have the...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Select the correct mirror image of the given pattern when the mirror is placed at 'MN' as shown below.
A sum of money doubles itself at the compound interest x in 10 years. In how many years it will be four times at the same compound interest?
Which is the correct one to replace the question mark?
Question Figures
statement:
In Organization-A, the production of Product-X is not sufficient to meet the customer requirements, as the demand for this product...
Select the term from the given alternatives which can replace the question mark (?) in the following series.
FTY-8, ERV-12, DPS-20, CNP-36, ?
Select the mirror image of the figure, when the mirror is placed on the right side of the figure.
Select the term that is related to the third term in the same way as the second term is related to the first term.
Cheerful : Morose : : Valiant :?
