Interested to Buy Any Domain ? << Click Here >> for more details...
Example of deferred liability and asset?
- 2 Answers
- 6637 Views
- FIC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shreya
Payments that will be assigned as expenses in a later
period, but that are paid in advance and temporarily set up
as assets on the balance sheet.Ex:Tax avoidance and tax
evasion
Money that a company receives from a customer as prepayment
for some good or service. A deferred liability is listed on
a balance sheet as a liability until the good or service is
delivered. This is because the company would have to return
the money if it does not keep its end of the bargain as
promised. A deferred liability is also called a deferred
credit or deferred revenue.Ex:Deftax
| Is This Answer Correct ? | 4 Yes | 1 No |
companys act
Difination of Debit & Credit note. Journal entries of Debit & Credit note.
a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do
Explain what is bad debt expense?
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
wat is ledger posting
What are the functions of manger -accounts and manager-finance? Explain in detail
Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?
Our company given party to employees. this expenditure which account head booked ? please tell me
What is cash profit
Does paid up capital include Advace against Capital or Calls in Advance for calculating Networth of A company
what is reccission?how it is started
Audit 
