Question
Which accounting principle states that revenue should be
recognized when it is earned, regardless of when cash is received?Solution
Explanation: •The Accrual Principle recognizes revenue when earned and expenses when incurred, regardless of cash flow. •It ensures that financial statements reflect the actual financial position.
The 'Baumol Model' in financial management is used for determining the:
When the day on which a promissory note or bill of exchange is at maturity (after including days of grace) is a public holiday (except emergency or unfo...
Interest payable on the bonds is a/an _______
Shareholders holding not less than _________ % of the face value of the equity shares of the transferor company (other than the equity shares already he...
Which of the following is an example of capital expenditure?
What is the primary objective of capital budgeting?
Which is not a continuous audit technique?
Capital budgeting involves the evaluation of:
If a company declares dividends after the balance sheet date but before financial statements are approved, AS 4 requires that:Â
Which organization sets the GAAP standards in India?
Relevant for Exams:
