Question
An enterprise follows accrual basis of accounting and
records revenue when it is earned and expenses when incurred. A client makes an advance payment of ₹1,00,000 for goods to be delivered next quarter. How should this transaction be treated in the books?Solution
Since the goods are not yet delivered, the amount cannot be treated as revenue. It’s a liability until the revenue is earned.
Select the option that expresses the given sentence in active voice.
The wounded man was being helped by a few men.
Select the correct passive form of the given sentence.
Manu will tell her later.
Two sentences are given below, with three words emboldened in each of them. Interchange the words between two sentences to form a grammatically and con...
Choose the option that is the passive form of the sentence.
They considered it an impressive building.
Select the correct passive form of the given sentence.Â
We expect good news about the corona vaccine.
Select the correct active form of the given sentence.
I was greatly impressed by the Madhubani painting Avika made.
Select the correct active \passive form of the given sentence.
Why does the principal scold the students?Â
More roles for women will be opened up in the ranks of soldiers by the Indian army.
Select the correct passive form of the given sentence.
A large number of people are using internet banking these days.
 Groups of four words are given. In each group one word is rightly spelt. Find the rightly spelt word.
 (a)  Translucent      (b)  ...
