Revenue from rendering of services should be recognised by referring the stage of completion A. At the

Question:

Revenue from rendering of services should be recognised by referring the stage of completion
A. At the end of the calendar year
B. At the balance sheet date
C. None of the above

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

ISBN: 9789352605569

2nd Edition

Authors: M Hanif, A Mukherjee

See More Books

Question Posted: Aug 18, 2023 01:32 PM

See More Questions

In the mid-1980s. conservation biologists reluctantly recommended that zoos should not try to preserve captive populations of all the endangered species of large cats. For example. some biologists...
According to the given Information: a) Find r(t) b) Find: r(t) * (t) = a cos(q sin wt) * + a sin(q sin wt) 9
Your advertising agency has been hired to promote the college and its role in the community. You will need to understand the students individual growth, educational needs and long term benefits of...
What tensions may arise if a shareholder-centric model is imposed on a stakeholder-focused society?
Creative Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Creative...
Refer to Problem 3-56B. 1. Use the For You eTravel Inc. data in problem P3-56B to prepare the company's classified balance sheet at December 31, 2020. Show captions for total assets, total...
Event C: rolling a number greater than 4
R. A. Ro and Company, a manufacturer of quality handmade walnut bowls, has experienced a steady growth in sales for the past five years. However, increased competition has led Mr. Ro, the president,...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $391,000. Overhead costs incurred in April are:...
Once a credit sale has been recognised as revenue any risk of non-payment is treated as A. A reduction in revenue B. A finance charge C. A bad or doubtful debt expenses
If the installation is an important part of the sales; A. Revenue recognition take place when goods are delivered at the site B. Recognition of revenue will take place at the end of the accounting...
Show how Fiat is targeting its cars in the United States.
Question (4) seen, 20 vehicles/km moving at 100 km/h and 30 vehicles/km traveling at 120 km/h. Two successive videos showing stationary traffic on the road were examined. Two groups of platoons were...
?In civil engineering, what is the main use of a slump test in concrete technology?
Explain the process of compression resin transfer molding(CRTM)?in composite manufacturing. What are the benefits of using CRTM for producing composite structures?
Explore the role of post-occupancy evaluation in commercial and industrial architecture. How do architects use feedback from building users to improve future designs?
Discuss the principles of geotechnical engineering in slope stability analysis. How can engineers assess slope stability, mitigate landslide risks, and design effective stabilization measures to...
During the current year, Thomson had the following stock transactions: ( The company authorizes the sale of 10% preferred stock, 50,000 shares at par value of $50. ( Sold 20,000 shares of preferred...
A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
Summarize why managers want to use team structures .
Contrast mechanistic and organic structural models.
List the factors that favor different organizational structures.
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...

Revenue from rendering of services should be recognised by referring the stage of completion A. At the

Question:

Step by Step Answer:

B At ...View the full answer

Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015

Students also viewed these Business questions