Question
A company has prepaid rent for 2 years amounting to ₹6
lakh. What will be the treatment in financial statements at the end of the first year?Solution
As per accrual basis and matching principle, only 1 year’s rent is expensed. Remaining ₹3 lakh is shown as current asset under prepaid expenses.
Which of the following state of India do not produce millets?
What is the current interest rate of the Sukanya Samriddhi Savings Scheme?
In Contemporary Carnatic music, how many Melakarta ragas are there?
The crops sown during the winter season are called _____________ crops.
What will be the speed of petaFLOP Super computer that India is going to launch to enhance weather forcast at block level?
What was the primary focus of the national workshop convened in Ranchi, Jharkhand, from February 15-16, 2024, under the Deendayal Antyodaya Yo...
Who appoints the State Election Commissioner?
Which of the following statements is /are correct in the context of The Jammu and Kashmir Official Languages Bill, 2020.
1. The Bill was for th...
What is the maximum limit of the CRR?
In which of the following states of India is Padayani a ritual dance art form performed at Bhadrakali temple?
