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.
Dubai opened the 'Infinity Bridge' for traffic for the first time. Why the bridge is named 'Infinity Bridge'?
Which state received the 'Best State' award at the 5th National Water Awards?
Which feature is NOT a part of the newly launched bob Global Women NRE & NRO Savings Accountby Bank of Baroda?
Which of the following Indian company secured the top position among the Indian companies in "Time Magzine's list of best 750 Companies"?
Consider the following in regards to ADB :
1) It has granted a US$ 250 million loan for Delhi-Meerut Regional Rapid Transit System (RRTS).
Who won the Lead Actress in a Drama Series award at the Emmys 2025?
 On 29th November South Korea’s Mina Sue Choi was crowned as the ________ in the event held in the Philippines.
At what average price per share did SBI Mutual Fund acquire a 1.5% stake in Karur Vysya Bank?
In what year did Muhammad Bin Qasim successfully lead the Muslim conquest of Sindh, marking the beginning of Muslim rule in India?
Who was appointed Executive Director at the IMF for a three-year term starting August 28, 2025?
