Answer Posted / sivadas

a) A possible obligation that arises from past events and
the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the
enterprise; or
b)A present obligation that arises from past events but is
not recognised because:
(i)it is not probable that an outflow of resources
embodying economic benefits will be required to settle the
obligation; or
(ii) a reliable estimate of the amount of the
obligation cannot be made.


Possible obligation - an obligation is a possible
obligation if, based on the evidence available, its
existence at the balance sheet date is considered not
probable.

Present obligation - an obligation is a present obligation
if, based on the evidence available, its existence at the
balance sheet date is considered probable, i.e., more
likely than not.

if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?

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what is book profit

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What is payment/receipt/period accruals?

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Expand--------SRTA

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what is a reducing balance method and depreciation fund investment method and 2 diffrences?

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What is the relationship between, issued share capital, share premium and paid up capital?

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What is DRA in bank reconciliation.

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Breif notes about accounting standards

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describe how accuracy in trial balance is a prime objective for preparing the financial statements?

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What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

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what type of questions are asking for fund administration???

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whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

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