what is liability? give some entry

Answers were Sorted based on User's Feedback



what is liability? give some entry..

Answer / ansar

the liablity like what r the outstanding & we should to pay something called liablity.. etc

supplier outstanding , make any loss of provision.

ex: car loan " car" is assets" but "loan" is like liablity

Is This Answer Correct ?    8 Yes 1 No

what is liability? give some entry..

Answer / deepika

liabilities are debts,they are amount whichthe firm owes to
creditiors
liabilites= assets-capital

Is This Answer Correct ?    5 Yes 1 No

what is liability? give some entry..

Answer / janvi sangle

liability means payables of company for eg.: Duties and taxes

Is This Answer Correct ?    1 Yes 1 No

what is liability? give some entry..

Answer / a.praveen

liability means the amount which should have to pay with intrest within a time limit.

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting General Interview Questions

We are dealing in a security (MANPOWER PROVIDER)WE HAVE A PROBLEM AS PER OUR CLIENT'S REQUIREMENT pf and esic challan seprately require by client's can we generate seprate challan Please advice as early as possible.

1 Answers  


The real meaning of Purchase

1 Answers  


Why Capital is Posted in the credit side? Concept of it briefly .

4 Answers  


What is Compound Interest?

4 Answers  


MEANING OF RED HERRITING

0 Answers  






What is difference between SEZ Developer & SEZ Unit?

2 Answers   ABC, Jubilant Organosys,


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

0 Answers  


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

0 Answers  


SALES BOOK IS A PART OF

1 Answers  


If any company paid taxi fare to staff for special work how can i post it in tally example if Ram get 500 for taxi fare to return home late night due to official work.

3 Answers  


if company give the purchase order worth of 10,000 (INR) in advance, but the seller only sell around 8,000 (INR)and remain ing Rs 2000 return to the company, so how to deal with this scenario in accounts payable in oracle, can u hide to me

0 Answers  


I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.

4 Answers  


Categories