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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.
Which of the following disease is not caused by polluted water?
Under Negotiable Instrument Act 1881, a negotiable instrument may be negotiated
For a fresh period of limitation to begin from the time of acknowledgement of liability under section 18 of the Limitation Act, it is necessary that the...
Partner's liability for acts of the firm is___?
What is the enactment date of PFRDA Act?
Common intention and similar intention was distinguished in the famous case:
An imprisonment for life shall be reckoned as equivalent to imprisonment for__________ as per the IPC
As per the General Insurance Business (Nationalisation) Act for the General Insurance Corporation of India _______________ to add the word “Limited”...
Any person who has entered into an agreement with any depository for availing its services shall surrender ………..
The Doctrine which is opposite of the Doctrine of Constructive Notice?