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explain liquidity Damages?
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Answer / anu
When the delivery of a particular material has extended to
the certain date ahead of what the contractual delivery was
and thereafter if some damages occured in the asset will
further be demanded for LD against the damage or decrease
in the value of asset which can further be realized.
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / anil tiwari
When our short investments are decrese and other liquidity
assets are decrese that called liquidity damages.
| Is This Answer Correct ? | 3 Yes | 7 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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