Example of deferred liability and asset?

Answer Posted / ammu

liablity means the state of being liable that in the sense
all expenses and losses.
Assets are the profits which we have in the particular
business or the firm.
Ex: Machinery, furnitureetc.

Is This Answer Correct ?    0 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

1495


What does the financial statement of the company include?

733


How Many Accounting Principale

1440


Difference between depreciation according to cost principle and matching principle

1675


Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com

1731






What are the different branches of accounting?

693


my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

1031


hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards

1742


What qualities have you got that would make you a good accountant?

706


when dissoluction of firm why investment flchuationfund subtrect from book value

1669


what is an ideal organisation

1836


a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?

1475


Tell me what does the standard journal entry includes?

3696


If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet

2078


How Can We Differ Horizental & Vertical Balace Sheet? Explain.

1496