You told actionable claim is a unsecured debt. But in 12 std commerce book they give. The term actionable claim means debt secured by a mortgage of immovable property. In first para of Types of goods. Please explain mam
It's wrongly given in the book.. Actionable claim means a claim to any debt, other than a debt secured by mortgage of immovable property or by hypothecation or pledge of movable property,
Thank you so much for your fantastic explanation mam you are really amazing I don't know how to express my gratitude towards you.. Thank you so much ❤️🙏
Already we are following the reduced syllabus this year. Only important portions are included in the reduced syllabus. So all the questions are important
According to this concept, revenue is earned by the seller only when he actually delivers the goods or services to the customer and not when the customer pays for them
Suppose, if a customer orders for some goods on Jan and pays the advance amt. The seller delivers on Feb and receives the full amount for the goods on Mar. According to realisation concept, the revenue is considered to be earned on the month of Feb
