Answer / anudeep

liability is the present obligation of the entity

Answer / abdullah amer

liabilities refer to the financial obligation of an
enterprise other than owenr,s investment
it may be current liabilities or long term liabilities.

Answer / simran singh

1liability is anything that is a hindrance or puts an
individual at a disadvantage,
2An amount of money in a company that is owed to someone
and has to be paid in the future, such as tax, debt,
interest, and mortgage payments
There are two general classifications to sum up these types
of liability: long term and short term. Long-term describes
debt paid out over more than one year, while short-term
liability refers to debt paid within a year or less.

Answer / narendra

whatever is payable for a firm is liability.

Answer / hemant

what we have to due regarding the firm that is the part of
liabilites
Means weather we have pay to govt. or have the liabilites
in business allover is the part of liabilites
so whaterver is the due for business that is the part of
liabilites

Answer / pradeep & devaraj from gfs

liability is a debt owed by the others for running the
business concern

Answer / anoop.m

Liabilities Means: Expenses is booked.But not Incured

Why do you prepare a P/L Appropriation a/c?

3 Answers  

I would like to know about work in progress, when we will debit WIP under Asset a/c head in balance sheet, the credit will be allocated under in which accounting head? whether its under purchase a/c or income a/c ? expecting detail explanation?

2 Answers  

if the chq is dishonored which entry will be passed???????? give example entry

4 Answers  

What do you mean by Accounting ?

2 Answers  

machinery purchase of 10000 plus transportation 800 what will be the journal entry

2 Answers   Air Smart HVAC Solutions, SS Solutions,

Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-

0 Answers  

my question is I am finance student I want to know which type of the question are asked by the interwier in interview.

0 Answers   CA,

Derivative

2 Answers   Bank Of America,

what is the process of correcting the balance sheet of the company?if the balance of balance sheet are not equal.

1 Answers   HDFC,

gold purchse

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Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj

0 Answers   IBM,

I have taken becup from tally how to restore another tally the same data.

1 Answers