Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / simran singh
1liability is anything that is a hindrance or puts an
individual at a disadvantage,
2An amount of money in a company that is owed to someone
and has to be paid in the future, such as tax, debt,
interest, and mortgage payments
There are two general classifications to sum up these types
of liability: long term and short term. Long-term describes
debt paid out over more than one year, while short-term
liability refers to debt paid within a year or less.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
Mention why some asset accounts have a credit balance?
Where do generally accruals appear on the balance sheet?
What we have to post entry for payroll processing ? (Indian payroll)
What is the basic accounting equation?
What does the abbreviation m mean in accounting?
Tell me do you think accounting standards are mandatory and why?
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
What is budget variance analysis?
What is Statory Books ?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
What is an accounting transaction?
how we can calculate sundry debtors and crditors a/c?show some examples
Why do users of accounting information need accounting information?
Do you think there is any difference between inactive and dormant accounts?
