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.
The let-down of milk in cow is due to release of which of the following hormone?Â
Which of the following is an apex organization of marketing cooperatives for agricultural produce in India?
Which type of agriculture policy aims to provide subsidies and incentives to promote agriculture exports?
Which of the following is a parasitic weed on Pearl millet?
Indian Institute of Horticulture Research is located atÂ
Where is the ICAR-Central Institute for Arid Horticulture located?
Which of the following is known as fertilizer tree?Â
When did cotton become a well-established crop in the Indus River Valley?
The three Tier system or The Panchayati Raj system was first started at
Butter and animal fat are
