Question
The 'Revenue Recognition' principle requires that
revenue should be recognized when:Solution
The Revenue Recognition Principle, a core component of accrual accounting, states that revenue is recognized when it is earned (the service is performed or the product is delivered) and when it is realizable (when there is a reasonable certainty of payment), not necessarily when cash is received.
In which year was the Pradhan Mantri Matsya Sampada Yojana (PMMSY) initiated?
World Human Right Day is observed on
National Cancer Awareness Day is noticed annually on?
Which sector is targeted by the ₹1129.30 crore Sustainable Development of Horticulture scheme?
“It is primarily a crop of mid-latitude grasslands. It requires moderate rainfall with the highest annual rainfall limit of 100 cm. Th e ideal climate...
Mohiniattam is the classical dance form of which Indian state?
Which of the following are the discretionary powers given to the Governor of a State in India?
(I) Reserving certain bills passed by the State Le...
Which mineral is predominantly found in the Amarkantak plateau in Chhattisgarh?
Identify the longest national highway in India.
In May 2019, the International Monetary Fund agreed to bail out ______with a fund of $6 billion.
