Interested to Buy Any Domain ? << Click Here >> for more details...
What is the contignent liability
2. what is the Break Even Point
3. what is the cash system
- 1 Answers
- 4314 Views
- I also Faced
- E-Mail Answers
Answer Posted / ajay kumar sahoo
Contigent liability is the liability which is to be paid by
the company after happening of certain events. normally it
is the outcomes of lawsuits. The presence of which may
effect the share price.
BREAK EVEN POINT is the point where there is no profit no
loss . Company can only recover the cost of the product.
CASH SYSTEM is a system of accounting where accounting
entries are made only when cash are received or paid. not
in the case of cash are likely to be received or paid.
For-ex - electricity expenditure of MAR. month are billed
in the April so in cash system exp. are booked in april
month only not only in the month of MARCH month.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
Entrance Exam question & Answer required
How you implemented a chargeback system?
Expand---------OST
What problems might be encountered if there were no accounting standards?
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
Expand------ARN
sir i'm having exp as a HR-Recruiter, now i'm willing to work in other areas of HR.Is learning of accounting courses such as (Payroll mgmt,TDS, service tax, vat, provident fund, gratuity fund, Tally ERP.9 )is necessary? if so, kindly guide me what all accounting courses i need to study to work in other areas of HR. or what are the qualifications required to work in other areas of HR? 2)one of my friend would like to know the job profile for Finance admin..
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?
Where to enter bonus and pf esi in tally pls help for me
what is circuit filter?
Accounting related interview questions on ibm
how many types of practice accounts?
