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Answer #1
A contingent event is a future event which is epected to happen. Generally it is a conservative way of thought. An event which might happen in future and that might be the cause of a irregular and non-recurring expense for the company
Question Asked @ Answers what are golden rules of accounting.......? 5 How is the Cost of Goods Calculated???? ICAI13 what is difference between provision and reserve ? 2 What is a rolling settlement? Mellon1 In direct and indirect expenses we know direct means expenses incured durning prodution process, indirect means expenses incureed after prodution process, apart from manufacturing concern , what do mean by direct & indirect expenses. 3 after adjusting the amounts accountant of the company prepares which accounts?? Genpact9 what are thw diferrences between a cash book & a petty cash book? 4 what is buy back of share & why a company go for it? 1 EXPAND_________SFC 1 What is intra Company transactions? With an example IBM2 What are the methods of Depriciation ? Genpact9 What do you mean by the working-capital of an organization??? How is it calculated????? Also Define the importance of liquidity ratio along with its formula. what is the diffrence between gross profit& net proffit? Answer #1
gross profit is the result of the operating activities i.e. sale and purchase (items of the trading a/c)whereas while calculating net profit we also take into consideration the
The amount by which assets exceed liabilities, This term can be aplied to caompanies and indiciauals
what is assets Answer #1
Assests is any thing which can sale & purchase in the ordinary cource of bussiness.
Name 2 stock exchanges of U.S.A Answer #1
The value of the stockholder investment in a bank or other institution its net worth .some protection against inflation risk. Contra Entry: Contra entry is journal entry.It will be effect in two books one is cash book and another one is bank book.Now we will be take cash deposit in bank and entry will be come like this
what is cash discount? Answer #1
when the rate & prices are not stable that is float
What is the QIS Report? what is the use of QIS Report in brief? Answer #1
QIS(Quarterly Information System) Report needs to be submitted by a company, firm or any business entity to the bank from which it has borrowed money (Term Loan, Working
Capital - Cash Credit, etc.) This report has to be submitted to the bank in the format prescribed/provided by them to keep them informed about the performance & position of the business entity. The due date or periodicity will be communicated by teh concerned bank to the borrower.
What is consolidated financial statement. Answer #1
RTGS means Real Time Gross Settlement. It is related to wire transfere facility and it is introduced by banks when high value cheque clearing system was demolished by govt.
: what is contingent liability Answer #2
The liability which comes into existence on the happening of an uncertain event.
Re: what are share warrants? Answer #1
the index like NIFTY or BSE SENSEX is calculated for top 50 and top 30 stock respectively. When we talk about taking into consideration the Market Capitalization, we talk about taking all the shares that the company has. That includes shares which are still held by the promoters, by the government and everyone.
: what is treasury stock Answer #1
stock that has been repurchased by issued co. , these don't pay dividends & voting rights and should not be included in shares outstanding collection. a ratio is a arithmatical relationship of one number to another.ratios are basically of four type: 1 liquidity ratio: measures the short term solvency or financial position of a firm. short term paying capacity of and ability to meet its current obligations.like current ratio,liquid ratio etc. 2 leaverage ratio: measures the firm ability to pay interest cost and repayment of long term obligation. like debt equity ratio, interest coverage ratio 3. activity ratio:
measures the efficiency with which the resources of a firm have been employed. like stock turnover ratio,debtor turnover ratio. 4. profitability ratio: mesures the overall performance and effectiveness of the firm. like net profit ra
Re: What is 'TREASURY STOCK / TREASURY SHARES'? Answer #1
Stock that has been repurchased by the issuing company. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations.
Re: what is the difference between profit and gain? Answer #1
gain can be anything over your cost,normally revenue over your cost is treated as gain while profit=total revenue-total cost,which is the net icome of the organisation
what is mean by Red herrting Answer #1
A preliminary registration statement that must be filed with the SEC(Securities and Exchange Commission)describing a new issue of stock and the prospects of the issuing company. There is no price or issue size stated in the red herring, and it is sometimes updated several times before being called the final prospectus. It is known as a red herring because it contains a passage in red that states the company is not attempting to sell its shares before the