Till the Discounted bill is paid by acceptor it remains.
1) A contigent liabilities for the acceptor.
2) A contigent Liabilities for the Drawer.
3) A contigent Liabilities for the bank
4) A contigent Liabilites for drawer

Answer Posted / biswajit ghosh

A Contigent liabilities for the drawer.

Is This Answer Correct ?    17 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to calculate tax for the income earners

1644


please provide to us the rules of wct in andhra pradesh (Hyderabad)

1756


in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?

1558


Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study

1838


Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

1524






how to calculate service tax on tds

1798


anybody pls tell me about the service tax

1593


what is the method of work contract tax computation

2397


Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..

1612


sir mai ek bar cst online tax payment kar raha tha to sar maine tac par na click kar ke interst par click kar di ho mai kya karu please give a anwers

1601


we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.

1548


is there in india the rate of work contract are same in all states if now what are the statewise rate

1642


I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1575


we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.

1533


What is Form 12A & Form-H and where is applicable.

4127