Question
Which of the following principle applies when Provision
for Doubtful Debts is required to be maintained in the books of accounts?Solution
Conservatism principle states that record for the anticipated losses and Expenses. It is also called prudence principle. Example-Provision for Doubtful debt - The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now. Also, Valuation of Inventory is done at Cost or Net Realizable Value, whichever is less.
Match List-I with List-II and select the correct answer using the codes given below the lists.
India Meteorological Department is an agency of the__________.
Which of the following is not the steps of teaching process?
The grape variety "Sonaka" used for which purpose?
The photorespiration process takes place in which of the following organelles?Â
Which of the following property of soil is not influenced by tillage operations?
The development of new variety through identification and isolation of single best plant progeny is known asÂ
Scientific name of potato is:
…………….. was established in 1972 under the Ministry of commerce and industry for promotion of export of marine products from India.
...Gundhi bug, a pest of rice attacks the plant in which stage?