Question
Depreciation is charged on fixed assets to comply with
which of the following accounting principle?Solution
The Matching Principle states that expenses should be recognized in the same period as the revenues they helped to generate. In the case of fixed assets, they are acquired to help generate revenue over a period of time. Thus, their cost should be allocated as an expense over their useful life, rather than being recognized as a one-time expense in the period of purchase.
Who among the following was a co-founder of the Swaraj Party along with Motilal Nehru?
What does B mean in APBS, which is an –Aadhaar linked bank account?
The Lucknow Pact was signed in ______ by Congress and the Muslim League to work in alliance for representative government.
India's first solar-powered village is located in which state?
Phulaich is a colourful festival of the State of ______.
Under the Bharatmala Pariyojna , an MoU has been signed for swift development of modern Multi Modal Logistics Park (MMLP ) between?
The eSARAS mobile application to support women of Self-Help Groups (SHGs) by marketing products made by them.It is related to which of the following sch...
According to the Census of India 2011, which state of India has the highest Hindu population percentage of the total population?
‘The Palace of Illusions’, a rendition of the Hindu epic ‘Mahabharata’, was written by which of the following novelists?
Recently CCEA has approved the continuation of PM Svanidhi from March 2022 to ______,
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