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.
Which type of animal tissue supports and protects organs?
Total number of agro - climatic zones of Tamil Nadu is
White bud of maize is due to the deficiency of
Given below are two statements
Statement I
A Species is generally defined as a uniform interbreeding population spread over time and spa...
The Pest as grub which completes its life cycle in one year is
LEPA is a modification of
Indian Father of Green Revolution is known as
Dual purpose breed of goat is ………….
In 2020-21, exports of agriculture and allied products from India grew by ……………per cent over the previous year.
...Lycopene developed in quantity in tomato at what temperature:
