Answer / ajay kumar sahoo

Contigent liability is the liability which is to be paid by
the company after happening of certain events. normally it
is the outcomes of lawsuits. The presence of which may
effect the share price.

BREAK EVEN POINT is the point where there is no profit no
loss . Company can only recover the cost of the product.

CASH SYSTEM is a system of accounting where accounting
entries are made only when cash are received or paid. not
in the case of cash are likely to be received or paid.
For-ex - electricity expenditure of MAR. month are billed
in the April so in cash system exp. are booked in april
month only not only in the month of MARCH month.

What is the significance of Journal entry

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what is ERP packages?

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Expand----------MCT

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Short Answer on _________BOOK Keeping

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what all are the items that comes under the personal account?

5 Answers   Genpact, MAHINDRA,

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define p&l approprate

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euro dollars are best described as ?

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Expand C A P

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Accounting Question Help Please? I would like to know how I should journalize this entry: Credit invoice received from Sam's Trailors for a 10% price adjustment on invoice #515, $1910 Please tell me what to debit/credit....purchase discounts, or purchase returns. THANKS

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How can we calculate Goodwill of a firm?

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Professional fees of Rs.30000/- is paid to a consultant ABC & Co. please pass the necessary entry for the same

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