Question
As per realization principle, revenue will be
recognized:Solution
The realization principle states that revenue should be recognized or recorded when goods or services have been delivered to the customer and the company can reasonably expect to receive payment for those goods or services. In other words, revenue is recognized when there is an earning process completed, and there is a reasonable assurance of payment. Therefore, option c, "When goods have been delivered," is the correct answer as per the realization principle.
The PMSBY aims to cover accidental deaths and injuries. Which of the following is NOT a common cause of accidents covered by the scheme?
Indian Space Research Organisation (ISRO) and IN-SPACe for the successful launch of India's maiden private rocket Vikram-Suborbital developed by ______.
Which state achieved 100% piped water supply to all rural households under the ‘Har Ghar Jal’ scheme?
Union Budget for 2022-23, an amount of Rs _______ crore was allocated for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
What is the name of the AI platform launched by AIIMS Delhi, designed for the early detection of breast and ovarian cancer?
What is the primary focus of Phase III of the eCourts Mission Mode Project?
Which of the following ministry recently launches Toilets 2.0 Campaign on the Occasion of World Toilet Day 2022?
- How does the India-Qatar Joint Business Forum aim to enhance economic cooperation?
What is the capital of Japan?
Who translated Geetanjali Shree’s award-winning book "Once Elephants Lived Here" into English?Â
