Which of the following principle applies when Provision for Doubtful Debts is required to be maintained in the books of accounts?
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.
The ratio of Raj’s to Simran’s salary is 3: 5. If Simran’s salary is increased by 25%, her total salary becomes Rs. 54,000. What is th...
Uttarakhand Government accomplished a Golden Triangular Project. Under this Project, the State Government Laid down 6 lane roads connecting the three ci...
Find the third proportion of 35 and 14.
180 is divided into two parts in such a way that the fifth part of the first part and the fourth part of the second are in the ratio 4:5. Second part i...
Albela Sells Chocolates in the packs of 6 chocolates, 12 chocolates, 18 chocolates and 24 chocolates etc, but the rate is necessarily uniform. One day ...
The sides of a right angled triangle is 6, 8 and 10cm. Another triangle is formed by joining the mid points of all the sides of the triangle and in the ...
If the expression (px3 + x2 - 2x - q) is divisible by (x-1) and (x + 1), what are the values of
p and q respectively ?
A lending library has a fixed charge for the first 7 days and an additional charge for each day thereafter. Sahil paid Rs . 215 for a book kept for 15 ...
Find the average of first 11 whole numbers.
Find the average of first 7 whole numbers.