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Answer / anudeep
liability is the present obligation of the entity
|Is This Answer Correct ?||7 Yes||2 No|
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.
|Is This Answer Correct ?||3 Yes||0 No|
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.
|Is This Answer Correct ?||2 Yes||2 No|
Answer / narendra
whatever is payable for a firm is liability.
|Is This Answer Correct ?||1 Yes||1 No|
Answer / hemant
what we have to due regarding the firm that is the part of
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
|Is This Answer Correct ?||0 Yes||0 No|
is we can prepare any account for partnership in tally
one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction.
The Tabula Manufacturing Company has been in business for one month. At the end of month the company had the following accounts: Materials used K 5 000.00 Direct labour 10 000.00 Indirect labour 3 000.00 Indirect materials 2 000.00 Labour fringe benefits 1 000.00 Supervisor’s salary 1 000.00 Depreciation Machinery 2 000.00 Miscellaneous factory overhead 1 000.00 Heat and light 500.00 Insurance on plant 1 500.00 The company processed two jobs during the month with costs as follows: Job 101 Job 102 Materials cost K3 000.00 K2 000.00 Direct labour cost K6 000.00 K4 000.00 Direct labour hours 4 000.00 3 000.00 Machine hours 2 000.00 1 000.00 The company does not use a predetermined rate for factory overhead. The rate is computed at the end of each month. Required Use both the direct labour hours and machine hours to compute: 1) The overhead rates for the month (5 pts) 2) The overhead cost for each job (5pts) 3) The total cost for each job (10 pts) 4) Briefly describe the difference between Job order and process costing, citing relevant examples (5 pts).
Pass the journal entry: rent outstanding
What do u mean by press releases
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
Explain me some of the examples for liability accounts?
What do you mean by Bank Reconciliation Statement(BRS)?
How to record:- Amount received 500000/- for supply of material for 5 years
what do you mean by profit and loss appropriation account ? what is the use of preparing it?
Tell me what is the equation for acid-test ratio in accounting?
Where a cash discount should be recorded in a journal entry?