Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sunil kumar
Liabilities refers to debts due from a business to others
either for money borrowed or for goods & services received
without making immediate payment.
whereas A provision in accounting is usually an estimate of
a cost that may take place in the future, The usual
treatment is to deduct the amount of the provision from the
balance of another account.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Explain different branches of accounting?
Mention what does the investment of personal assets by the owner will do?
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
could i know how to accounting lease intrest ?
Do you know what is the importance of team work in this position?
what is a register when referring to accounting or bookkeeping?
Is an "account receivable" and "goodwill" real accounts in accounting?
what is a difference between public and private accounting?
Do you know in accounting, vat abbreviates what?
Debit Card Come Under Which group in Tally 9?
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
What is consignment cycle.?Explain the steps involved in the Consignmet..?
purchase plant and machinery
Explain have you ever prepared mis reports and what are these?
What is meant by calendar maintenance?
