Question
Which of these is a liability arising from construction
contracts under percentage-of-completion where billings exceed progress?Solution
If the amount billed to the customer (billings) exceeds the revenue recognized to date, the entity has received an advance and has a liability to perform, which is a contract liability.
How many districts of India is recognised as Aspirational District?
राजस्थान में ताँबे की खाने कहाँ है ?
Match the following?
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Jaipur - Pink city
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Jodhpur - Blue
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Who is the brand ambassador of Bata India?
On which date will National Technology Day be celebrated in India?
Who among the following was awarded the ‘Best Banker of The Year‘ Award ?
What percentage of Rs 2,000 denomination notes have been returned following the RBI’s May 2023 decision to withdraw them?
Who assumed the role of the 12th Governor of Jharkhand recently?
Malta recently became the 119th country to join the International Solar Alliance (ISA). On which continent is Malta located?
Atal Bhujal Yojana is a groundwater management scheme. The scheme is being funded by the Government of India and which of the following?
