Interested to Buy Any Domain ? << Click Here >> for more details...
What is Deferred income what is the difference between accrued income how it will effect on Financial statement
- 1 Answers
- 2197 Views
- Cap Gemini, I also Faced
- E-Mail Answers
Answer / tari
Hi
Deferred income refers to suspension of revenue already receivable but has not yet met all the conditions for revenue recognition in that specific period as per IFRS 15 e.g. may be proceeds received for a sale of inventory but the inventory is yet to be handed over i.e. control is yet to be passed on. Accrued revenue on the other hand refers to anticipated revenue accounted for in the period but has not yet met the criteria for recognition. Accrual of future revenue is actually prohibited by IFRS
| Is This Answer Correct ? | 0 Yes | 0 No |
what is mean by DDU SHIPMENT AND DDP SHIPMENT
genteral interview question for accounting
if the chegue is post dated in the time of paying pre-paid insurense how can show the journal entry in the company book? please show that this journal entry
why net profit add in capital in balance sheet
Does anyone have any other recent Factset interview questions?? what other types of technical questions do they ask consultants?
ABC LTD PURCHASE GOODS FROM XYZ LTD OF Rs.400000/- BUT DURING THE TRANSPORTATION ALL GOODS ARE DESTROYED.ACCORDING TO AGREEMENT INSURENSE CO. PAID 75% OF DESTROYED GOODS TO SELLER. WHAT WILL BE JOURNAL IN BOTH PERSON ACCOUNT.
Tell me what is the master account?
what is receipt and payment ?
iam working at hotel industry it is a small industry so, i did'nt kept postage and telegram ledger because we are not doing so recently we send courier that courier charges which ledger i have to take?
Tell us what is icai?
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
Discount payble and reciveble entries what type of vochars entry pleas tell...............
Audit 
