Interested to Buy Any Domain ? << Click Here >> for more details...
What do you mean by contingent liability?
- 10 Answers
- 18639 Views
- Siemens, I also Faced
- E-Mail Answers
Answer Posted / jubeda
CONTINGENT LIABILITY IS THAT IT IS TO BE PAID OR NOT IN
FUTURE ITMEANS IT MAY ARISE/N
| Is This Answer Correct ? | 17 Yes | 0 No |
Post New Answer View All Answers
What is a ledger in regards to accounting?
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
1. The following data is available. Determine the Break Even point in Sales: Sales : $1,800,000/- Fixed Expenses : $ 375,000/- Variable Expenses : $ 1,200,000/-
What GP resew of balance sheet taking.
What is the general entry for charge on bank overdraft
What is the double entry system explain its rules with examples?
what are the limitations of accounting ratios?
how to prepare brs statement for company in tally
Tell me what does the standard journal entry includes?
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
can any one tell what is the selection proces in cognizant for MBA finance
Do you know in accounting, vat abbreviates what?
Explain a time when you have not met your goal?
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
what is the difference between accounting and bookkeeping?
