Question
? ÷ 62 × 12 = 264
What will come in the place of question (?) mark in following questions?Solution
? ÷ 62 × 12 = 264 => ? = (264 × 62)/12 => ? = 1364
An enterprise follows accrual basis of accounting and records revenue when it is earned and expenses when incurred. A client makes an advance payment of...
Which accounting principle states that revenue should be recognized in the accounting period in which it is earned?
The basic accounting equation is:
XYZ Ltd. incurred R&D expenses of ₹20 lakhs for developing a new product. The product has not yet reached the commercialisation stage. How should the ...
A trader maintains accounts on cash basis and records revenue only when received. Which fundamental accounting assumption is not followed?
An enterprise follows accrual basis of accounting and records revenue when it is earned and expenses when incurred. A client makes an advance payment of...
Relevant for Exams:
