Answer Posted / dipayan dey
In legal terms, the word liability refers to fault. The
person who is at fault is liable to another because of his
or her actions or failure to act. One example is in the
case of a crime. The liability of the offending party may
include providing restitution for damage to property or
paying medical bills in the case of physical injury.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
What is purchase returns accounting
What is aggregate Liabilities ?
what is a register when referring to accounting or bookkeeping?
a.what products does your firm produce? b.what costs are asssigned to the product produced? c.for particular product,what direct materials are used? d.what percentage of total manufactoring costs is direct labor? direct materials?overhead? e.how is overhead assigned to the products? f.do you now use or plane to use an activity_based management system?why or why not?
What are the different types of gst?
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
Tell me what are the three factors that can affect your cash flow and business profitability?
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
Explain me what is general ledger account?
How can you made payment when bill come from vendor, what is the bills have you check.
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
What qualifications have you achieved?
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
what is dmat charges?