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
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
What does the abbreviation dr mean in accounting?
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
If the company acquires equipment prior to incorporation what are the accounting entries?
What are the uses of journal in accounting?
What does the standard journal entry includes?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
how to calculate the per unit cost of production
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
why you want to lecturer
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
What is the difference between cost accounting management accounting and financial accounting?
calculations of pf
What is accounting for plant assets?