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Answer / sinisetty
The acquisition of goods by the seller depends upon un
certain event in the future are called contingent goods.
|Is This Answer Correct ?||32 Yes||7 No|
Answer / john mwangi
goods whereby their acquisition by the seller, for onward
transfer of the property in them to the buyer for pecuniary
consideration on the part of the buyer, depends upon an
uncertain condition or an unpredictable circumstance in the
future are known as contingent goods. They are types of
future goods.Such a contract can only be an agreement to
sell and never can it be a sale.
|Is This Answer Correct ?||9 Yes||1 No|
Answer / venkat ki maa
|Is This Answer Correct ?||4 Yes||0 No|
Answer / kiran
THE ACQUISITION OF GOODS OR COMMODITIES FROM THE SELLER IT
MAY BE CONTINGENT IN FUTURE WEATHER IT IS GOOD CONDITION OR
NOT ( IT MAY BY HAPPENS OR NOT) SURE, UNCERTAINTY IN FUTURE
|Is This Answer Correct ?||8 Yes||7 No|
Answer / grip
Goods, the acquisition of which by the seller depends upon an uncertain contingent are called contingent goods
|Is This Answer Correct ?||3 Yes||3 No|
Answer / annanya
These are d goods which can be acquired provided contingency (happening or non-happening) is fulfilled
|Is This Answer Correct ?||0 Yes||0 No|
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f-form is issued for transfer of good.is issued on purchsing amount or sale amount on which tax is paid.
WHAT IS ENTRY FOR CREDIT SALES?
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME