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.
In consonance in the goal of provide  h ealth for all under the National Health Policy, care should be universal, and free at the point of delivery.<...
- Select the most appropriate option to substitute the bold segment in the given sentence.
He is no better than a careless person.
... He is one of the finest writers that writes beautifully yet with simplicity.
Which of the phrases A, B, C and D given below each sentence should replace the word/phrase printed in bold in the sentence to make it grammatically co...
The probable side effects of paracetamol include burning and nausea.
In the question below, three sentences are given with a part highlighted in bold. From the options, choose the phrase that can replace the highlighted...
In generally , the manifesto was antisemitic, anti-capitalist, anti-democratic, anti-Marxist and anti-liberal.
        i.       ...
Professor said that I will be late for the lecture.
- Select the most appropriate option to substitute the bolded segment in the given sentence.
The director was jovial about the progress made by the t... The children enrolled in low fee charging private schools are seen to perform better in mathematics, despite of better –qualified and more experie...
