Answer Posted / y.seshamurthy

The Term Contingent Liability Refers to The obligatory to
pay to liability may or may not arise. The best example is
bank guarantee issued to some third parties towards
fulfilment of some contractual obligations, if the contract
obligation is met the company has no liability to pay to
damages otherwise it has to pay the damages.

what are the payroll procedures?

2173

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What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?

2062

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Under the accrual basis of accounting incomes are recognised at the time -------------------

2144

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WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?

2133

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Can i make invoice when my client apply for TIN Number ?

2064

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capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)

2237

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what is mean by ledger

3801

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After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

2305

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while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2027

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What is Merger?

2317

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How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?

1822

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I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1854

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What is meant by Nostro Reconciliation

2080

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what types of essays are giving in bank of america. can any one tell the opics? LAVANYA

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explain about mergers & aquisitions? asked on 30/7/09

1992

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