Answer Posted / ankur vora

A Contingent liability is the probation of a liability which right now is not incurred but might occur in future depending on certain future event occur or not. It is not shown in balance sheet but it is described or mentioned in annual report below the schedules to the financial statements.

if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1959

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How to show Airticket Expense on Company's A/c as Company expense

1782

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Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1900

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what is the last date of deposit TDS on liability for the assessment year 2010-11

2029

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Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

5391

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Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??

1926

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What information do you require before you approve an invoice for payment?

1127

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hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards

2099

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using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1883

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Tell me do you possess any knowledge about accounting standards?

1085

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IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?

2095

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is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1633

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In which account does the unpresented cheque will get recorded?

1107

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Explain me what is important to effective market analysis?

1056

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how to caluclate tds from emloyees and others

2105

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