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.
- The current average age of Ayan, Rohit and Mohan is 27 years, whereas the average age of Rohit and Mohan is 30 years. If Ayan is 5 years younger than Mohan...
If all the vowels of the word ‘PRACTICAL’ are replaced by its succeeding letter according to the English alphabet and all the consonant are replaced...
Select the letter-cluster from among the given option that can replace the question mark (?) in the following series.
GPSU, KLVR, OHYO, SDBL, ?
Statement:
I: There is increase in fog level due to pollution in Delhi in the last week of November.
II: Most of the flights were cancel...
- 10 dogs can finish 20 trays of food in 25 hours. How long will it take 5 dogs to consume 16 trays of food?
- X started a business with Rs.12000. After 6 months, Y joined with x% of X’s capital. At the end of the year, Y’s share in the Rs.36000 total profit was...
- Find the mean proportion of 7.2 and 16.2.
How many meaningful English words can be formed from interchanging first and second letters of each word given in the series?
In the question given below, a passage is followed by three statements. Select the correct combination of statements that can be inferred from the passa...
In the following question, select the word which cannot be formed using the letters of the given word.
SPIRITUALITY
