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.
New leaf of plant shows yellow symptoms and veins remain green is caused by the deficiency of which nutrient?
Lantana camara is NOT among some of the important weeds of:
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Based on spray volume, sprayers are classified as given below. Which of the following combination is incorrect?
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Which of the following is an example of sorosis type of fruit
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