Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

WHAT IS LIABILITY?

Answer Posted / deepak thuttagunta

liabilities are two types

current liabilities and liabilities current liabilities
means it should be paid with in one year means during the
financial year ex:short term loans and insurance and
salary's

current liabilities =current assets - working capital

liabilities = current assets - owners equity

liabilities means company is liable to others or debenture
holders or O.D and creditors

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

total assets are equal to total liabilities in final accounts ?why?

1963


Hello friends, I want to sk that Is computer proficiency certificate necessary at the time of SBI clerk Interview?and all other guys who have cleared the nov 2009 exam and have got the bio data form please give replies,,, waiting for replies ,thank you.

2184


what's the difference between impress cash account and petty cash account

1741


Tell me what are the key tasks for account executive?

1031


EXPLAIN EACH SECTION PROVISIONS ON TDS?

1854


what is the entry for toll gate fee

8091


What is the provision?

1125


What is deferred account?

1253


Explain what is involved in the process of double-entry accounting?

2309


Tell me why some asset accounts have a credit balance?

1116


How do we calculate the cost of investment?

1775


Do you think accounting standards are mandatory and why?

1189


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

1522


if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?

3914


I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com

2008