What is the contignent liability
2. what is the Break Even Point
3. what is the cash system
Answer / ajay kumar sahoo
Contigent liability is the liability which is to be paid by
the company after happening of certain events. normally it
is the outcomes of lawsuits. The presence of which may
effect the share price.
BREAK EVEN POINT is the point where there is no profit no
loss . Company can only recover the cost of the product.
CASH SYSTEM is a system of accounting where accounting
entries are made only when cash are received or paid. not
in the case of cash are likely to be received or paid.
For-ex - electricity expenditure of MAR. month are billed
in the April so in cash system exp. are booked in april
month only not only in the month of MARCH month.
Is This Answer Correct ? | 6 Yes | 0 No |
If i pay 50% advance to advertise agency towards advertisement expensise, should I deduct TDS on advance payemnt.
The prepaid insurance account has a debit balance of $3600 at the end of the year. If unexpired insurance at the end of the year is $2800, the amount of insurance expense that should be reported on the income statement is?
please give the sbi bank clerk exam paper model in last five years?
What is the differnce between funds flow & Cash flow?
what is GL Balance
are you in need of accounting interview book. pl ask me with your e-mail for free book
current ratio? asked on 30/7/09
what is the e mail id of customercare of axis bank powerkome loan?
What is Portfolio? What is the Portfolio Management style? Explain Briefly the investment Process?
hi i m revathi am apply for the muthoot finance now call for me. how i prepared for the exam. please help me..
what is Bank Reconciliation?
expand M H A