Answer Posted / kalyani
1. The possibility of an obligation to pay certain sums
dependent on future events.
2. Defined obligations by a company that must be met, but
the probability of payment is minimal.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is meant by cash purchase?
let me know the minimum Accounting Heads in an accounting system
In case of new admission of partner what will be the adjustment for the sharing ratios
Expand---------DEP
explain sales/purchase accounting?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
what is investment banking
Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
Who is the maker of the promissory note
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
what is article of association? what is memorandum of association?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
What is the working formula for Inventory turnover
can u let me know how the bankers calculate interest on O.D.account