An entrepreneur is setting up his new business. He purchases some equipment. He also takes insurance on the equipment for which the premium is paid for 6 months even though the business is yet to commence operations. The equipment cost and insurance for 6 months is start up cost for the entrepreneur. For the business, the insurance paid is
Paying insurance premium is a prepaid expense for the business as it is paid in advance.
What was the theme of World Food Day 2021?
The India's Men's Hockey Team and Women's Hockey Team has been fully sponsored by which of the following Indian states?
Recently President of India has been appointed ________ as the new Chief Justice of India (CJI) with effect from November 9, 2022.
What is the primary goal of the 'Project Collaboration Agreement' between the Ministry of Ayush and the World Health Organization (WHO)?
Which private player has built India's first spy satellite, set to be launched in April?
Ministry of Fisheries, Animal Husbandry and Dairying inaugurated ______ Mobile Veterinary Units and centralized call center in Thiruvananthapuram for li...
Which bank is implementing interoperability between United Payment Interface and Central Bank Digital Currency through which customers can now transact ...
Which country successfully test-fired a medium-caliber maritime electromagnetic railgun from an offshore platform as part of its efforts to advance its ...
Which nation has permitted its women to enter the military in a landmark move?
Who launched the MPLADS e-SAKSHI Mobile Application for the Revised Fund Flow Procedure under MPLAD Scheme?