Question
Which accounting principle/concept states that revenue
should be recognized when it is earned, regardless of when cash is received?Solution
The accrual principle dictates that transactions are recorded in the period they occur, meaning revenue is recognized when earned and expenses when incurred, regardless of the timing of cash flows.
With his victory at the World IBSF Billiards Championship 2023 in Doha, Qatar, how many world titles has Pankaj Advani now secured?
Lal bahadur Shastri stadium is situated in which state?
What is the upgraded name of the Integrated Grievance Redressal System (IGMS) launched in 2011?
The Securities and Exchange Board of India (SEBI) announced a crucial reduction in the time period for listing shares in public issues from _________. (...
Which bank has secured the title sponsorship rights for BCCI matches for the next three years at ₹4.2 crore per match?
Certiorari comes under the:
Where is the Tata Institute of Fundamental Research situated?
Pushyamitra, who was the commander of Brihadratha, the last Mauryan emperor, killed the king and established a new dynasty. Which of the following was h...
Match the following states with their respective ranks at the Khelo India Youth Game 2023 and choose the correct code.
States Their Ranks
...
The International Finance Facility for Education (IFFEd) was launched at the Transforming Education Summit in September ______ by the United Nations.
