Mahavira Is Said to Have Been the Son of a Local

question 43

True/False

Mahavira is said to have been the son of a local ruler who was a pious Jain.

---

Definitions:

Balance Sheet

A document detailing a firm's assets, liabilities, and owners' equity at a particular moment, offering an overview of its financial health.

Unearned Subscriptions

A liability account that represents payments received by a company for subscriptions that have not yet been earned because the service has not been provided.

Deferral

An accounting principle that postpones the recognition of an expense or revenue to a future accounting period.

Accrual

The accounting method that recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.