Question
Which of the following is represented by an estimated
amount to meet a loss or expense in future?Solution
'Provision' means an estimated amount to meet a loss or expense in future. Provisions are made for future obligations whose specific amount or date is unknown. Note – •accrued expense is one that is known to be due in the future with certainty. •A contingent liability is one that is dependent on happening of a future event. It is a potential liability Here the event is also uncertain.
Hemis festival is associated with which of the following religions?
Consider the following initiatives taken to improve female labour work participation rate in the recent past.
1. Women Helpline Scheme (WHL) h...
All fraud cases of value below ₹ 10,000/- involving bank officials, should be referred to the ___ of the bank?
What is the meaning of Zakat in Islam?
How many grand slams has Leander Paes won in doubles and mixed doubles category?
Zoowin Portal was developed by:
Mohiniyattam belongs to which of the following states?
Which of the following statements is/are correct?
1.   Coal thermal Power plants are responsible for Acid Rain.
2.  After Combust...
- Which of the following is tiger reserve is in UP?Â
Which of the following statement is correct about New Parliament building?
(A) A heritage panel comprised of 4 members gave its approval to the...