1989 (wo), 1990 (wo) & 1995 (w) - 5 marks
S.N.
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Gross Receipts
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Gross Earnings
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1
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Actual is the basis
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Accrual is the basis.
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2
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Actually realized during the accounting period i.e., financial year. (irrespective of pertaining to previous year or next year)
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Accrued during the accounting period i.e., financial year ( irrespective of whether actually realized or not)
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3
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Represents Gross earnings plus Traffic Suspense.
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Represents Coaching Earnings plus Goods Earnings plus Sundry Earnings ( less refunds)
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4
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Conforms Government accounts
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Conforms Commercial Accounts
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