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.
Two positions of the same dice are given. What digit will be on the face opposite to the face having the digit 5?
F is the brother of J. E is the sister of D. K is the sister of L. D is the son of L. J is the father of E. How is D related to F?
J is the daughter of K. K and L are sisters. M is the mother of L, and N is the father of M. How is N related to K?
Which of the following numbers will replace the question mark (?) in the given series?Â
3, 12, ?, 39, 57, 78
Find the next number in the series.
525, 373, 251, 159, 97, ?Â
Which of the following terms will replace the question mark (?) in the given series?
DCZ, FFY, ?, JLW, LOV
Select the option that will fill in the blank and complete the given series correctly.
100, 105, 111, 118, 126, 135, ______
Which letter-cluster from the options will replace the question mark (?) to complete the given series?
ASDF, BUGJ, CWJN, ?
Select the figure from the given alternatives, which will complete the pattern:
