Answer:
Several governmental and non-governmental organizations are involved in social reformation activities. Youth clubs, women groups, mothers' group etc are working at local level. This note contains a description of Roles of Local and National Organizations in Social Reformation.
Explanation:
The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>
<u></u>
The revenue recognition principle is a feature of accrual accounting which requires that revenues are recognized on the income statement, in that time period when they are earned and realized, not necessarily when the cash is received.
The principle is important because it enables a business to show profit and loss accurately, since the revenue is recorded when it is earned, not when it is received. Usage of this principle also helps with financial projections, which allows the businesses to project future ventures more accurately.
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D.
Stare decisis refers to the guiding principle that law should build upon that which came before it.
Justices can, of course, full reverse precedent, but many justices instead choose to nitpick and build and parse so as to build a more complex bed of common law.
