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.
- Choose the alternative which is closest to the opposite in meaning of the bold word in the sentence.
Her placid demeanor made her a calming presenc... Identify the synonym for the bold word in the given sentence.
Whether there is a risk or not is open to conjecture .
Select the most appropriate synonym of the given word
HAVOC
- Identify the most appropriate ANTONYM of the given word.
Generous - Select the most appropriate synonym of the given word:
Revile Select the INCORRECTLY spelt word.
The one who treats eye defects, injuries, and diseases.
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
COMPLAIN...
Select the most appropriate ANTONYM of the bold word.
Cautious
Select the most appropriate meaning of the word marked in bold letters according the context in which it has been used.Â
He tried to alleviate...
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