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what is deffered liability
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Answer / dinesh kumar
Deferred liability is the liability, the time for
settlement or payment or adjustment of which will be in
future and not known. e.g. gratuity, which can be paid in
the next year when the employee leaves, or it can be paid
after 10 years when the employee retires, or after his
death.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / srinivas.g
liabilty mean the debbt owed by the firm to the out siders
or investors,
Ex,sund\ry creditors bills payble bod
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / paresh vartak
Deffered Liablity is that liability which is not covered
sum of expenses for 1 years it is divided into usage.
| Is This Answer Correct ? | 0 Yes | 4 No |
Answer / arvind kumar singh rajpoot
Hi...........
Friends, This is Arvind Kumar Singh Rajpoot From Varanasi U.P.
Deffered liability: It is advartising of the Product in the terms of credit, means expenses due but till now didn't paid Advertising expenses.
| Is This Answer Correct ? | 1 Yes | 9 No |
We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry
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