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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.
Imphal is the capital of which state?
Which country is referred to as the 'Coffee Bowl of the World'?
National Parachute Training College is located at?
The music of Uttar Pradesh was greatly developed during 6th to 12th century by?
Who has been appointed as the Managing Director of National Asset Reconstruction Company (NARCL)?
Who has won the “Miss Universe 2023” title?
As part of its e-mobility push, how many EV charging stations does India plan to set up under the PM E-Drive scheme?
Which premium banking service has YES Bank introduced to cater to affluent and elite customers?
In which city, the grand statue of Amar Shaheed Chandrashekhar Azad will be installed?
Which Indian state is the origin of the Sabarmati River?