Provision for Bad Debts is required to be maintained in the books as per which principle?
Conservatism principle states that Record for the anticipated losses and Expenses. 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.
Which general insurance company has set up two women-only branches in Ludhiana and Jaipur?
What is the primary focus of the Memorandum of Understanding (MoU) signed between the Government of India and the Government of New Zealand in the field...
Which country is set to launch Southeast Asia's first high-speed railway, a project backed by China, with a Chinese-made bullet train named "Whoosh"?
Consider the following statement about Kyasanur forest disease:
1. Recently, a study confirmed the presence of the Kyasanur forest disease (KFD...
Which of the folloiwng airline ranked number one in on-time performance in November 2022?
The Reserve Bank has selected two global consultancy firms to develop systems using artificial intelligence and machine learning for its supervisory fun...
Where was the 9th edition of the India International Science Festival inaugurated?
Which city is to host U18 women basketball event?
What is the objective of the 'Vaibhav' fellowship scheme announced by the Department of Science and Technology (DST)?
Which of the following statements is/are not correct with reference to National Investment and Infrastructure Fund (NIIF)?
I. It is an entity set...
