Answer Posted / barodianbuddy(acca)

A contingent liability: a possible obligation depending on whether some uncertain future event occurs

According to IAS 37

Recognition of provision for contingent liability

Virtually certain ( > 95% ) - provide
Probable ( 50% to 95%) - provide
Possible ( 5% to 50% )- disclose by note
Remote ( < 5% )- no disclosure

What is invoice processing can u explain it?

2909

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1040

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accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.

2139

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what is a difference between public and private accounting?

1109

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How new/innavtive assets are to be treated under IFRS?

1922

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What are the advantages of computer accounting over paper accounting?

972

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What is meant by calendar maintenance?

1142

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In accounting, vat abbreviates what?

1118

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Tell us did you use accounting applications at your previous companies or prefer working manually?

996

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cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c

2244

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What are the steps to take before you approve an invoice for payment?

1138

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I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.

1942

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What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?

2587

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What is accounting for plant assets?

1145

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purchase plant and machinery

1520

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