Question
A s per which concept, total Notional profit should not
be transferred to Profit and Loss Accounts but the portion of it should be kept in reserve to meet any unforeseen future expenses or contingencies?Solution
Portion of Notional profits or Estimated Profits transferred to Profit and Loss Account: - depends on the stage of completion of the contract ie. Ratio of (Work Certified / Total Contract Work) Concept of Prudence requires that the total Notional profit should not be transferred to Profit and Loss Accounts but the portion of it should be kept in reserve to meet any unforeseen future expenses or contingencies.
Rice variety IR–36 belongs to the groups of:
The yellow vein mosaic of okra is majorly transmitted by ____
Which one of the following is an area of a crop commanded by one cusec flow in a season?
Red colour in tomato is due to
What is the unit of Photosynthetically active radiation?
Which of the following is the non-physiological oxidant used by Robert Hill known as Hill reagent?
Which of the following is considered as power house of the cell?
A manger who acts as a crisis manger is playing which of the roles?
Millets are a highly varied group of small-seeded grasses, widely grown around the world as cereal crops or grains for fodder and human food. Which is n...
Species least suitable for agroforestry system in dry land is
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