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.
“Regional Centre of International Rice Research Institute” is recently established in India at:
Cyphomandra betacea is the botanical name of which fruit-bearing plant?
Which one is cole-crop:
Which term describes the process where water vapour is released from plant leaves into the atmosphere ?
Mass selection is done in plants on the basis of :
Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R):
Assertion (A): Tetrazolium test imparts...
The germination of seeds while still on the mother plants is known as ____
The first transgenic crop approved for cultivation was
H.A.N.P. V. is used for the biological control of
The “Law of Maximum” was proposed by:
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