Question
A construction company receives advance from customer,
against the contract of constructing a bridge. But the construction company does not take this to income or sale, due to which of the following concept:ÂSolution
Revenue recognition of services depends as the service is performed. This is further divided into two ways: (a) Proportionate Completion Method: This method of accounting recognizes revenue in the statement of profit & loss proportionately with the degree of completion of each service. Here the service completion consists of the execution of more than one act. Revenue is recognized with the completion of each such act. (b) Completed Service Contract Method: This method of accounting recognizes revenue in the statement of profit & loss only when the rendering of services under a contract is completed or substantially completed.
With the progress of the monsoon and the memory of the extreme heat far behind us, we risk ignoring a critical warning.
The teacher, as well as the students have gone on an excursion to Ooty during their summer vacation’Â
There was a spurt in Kerala, with 28 new cases reported — the largest in any Indian state in a single day.Â
In the following question, one part of the sentence may have an error. Find out which part of the sentence has an error and select the appropriate opti...
The people in the courtroom waited for the judge for announce the justice that would be administered to the guilty man.
You are presented with a sentence which is divided into five parts. The part in bold is grammatically correct. Out of the remaining four parts, three ar...
The officer has (A)/ given orders to his(B)/ soldiers yesterday.(C)/ No error(D)
In my opinion (A)/a pencil is always (B)/ more preferable to a pen.(C)/ No error (D)
 In each of the questions, a sentence is divided into five parts A, B, C, D and E in which two of the parts have some grammatical or contextual errors...
He has made a mistake(A)/ of which(B)/ I am certain.(C)
