Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / rajesh jaiswal
Contingent liabilities are liabilities that may or may not
be incurred by an entity depending on the outcome of a
future.
Also it is short term Liability
| Is This Answer Correct ? | 25 Yes | 1 No |
Post New Answer View All Answers
If a prospective client kept presenting you with excuses not to buy, what would you do?
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.
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
What is batch input? why we use batch input session in SAP(FICO)?
What are the advantages of computer accounting over paper accounting?
What is dividend warrants?
How to make deductions of the employees from salary against the loan in AP module oracle R12
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
Do you possess any knowledge about accounting standards?
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
how to individual capital account.
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
what is the due date of 28th feb
how to create salary and pf statement in excel sheet?
