Answer Posted / payal gupta
Liability that may or may not be incurred by an entity
depending on the outcome of a future event.
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
what are the disadvantages of back-flush accounting?
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.
Tell me what are things will not be included in bank reconciliation statement?
What are the accounting entries for branch accounts?
Explain me by saying, perpetual or periodic inventory system; what do we mean?
under which accounting rule prepaid salary?
how in the big companies the budget are prepared and controlled?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
what is retention? how caculate on asset
Can you differentiate public and private accounting?
Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method
