Answer Posted / john mwangi
goods whereby their acquisition by the seller, for onward
transfer of the property in them to the buyer for pecuniary
consideration on the part of the buyer, depends upon an
uncertain condition or an unpredictable circumstance in the
future are known as contingent goods. They are types of
future goods.Such a contract can only be an agreement to
sell and never can it be a sale.
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
What does a demo/presentation need to be effective?
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
What was your average accounts receivable days outstanding/days sales outstanding?
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
'Talk me through an example of how you have used data to improve your teams productivity.'
WHY U HAVE CHOOSE ICWA WHY NOT CA
Do you have any idea about gst?
I'am accountant working in a trading concern. I wish to become an accountant in a manufacturing/construction company.are there any books available in the market from which I can get an Idea as to how accounts are prepared and maintained for a manufacturing/construction company.
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
Mention the types of ledgers?
under which ledger should i make opening work in progess and closing work in progress
Tell me what is accrual accounting?
Explain the concept of responsibility accounting
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-