Liabilities: probable future sacrifices of economic benefits arising from present obligations of a particular entity 1-true 2-false?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
Sharing an idea is not Canvassing! (True / False) Explain Why?
Posted by:
asitabh paul
08-February-2017

Accounting Liability

Question added by Deleted user
Date Posted: 2013/06/30

Upvote (1) Views (3) Followers (0) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by قدرى abu taha , محاسب , حسن علام

1-true

Downvote Reply () Report

Popular Searches

Engineering Technicians Jobs Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs

Write Your Answer

More Questions Like This

In the case of a defined benefit plan, what should the employer's statement of financial position show?
Top Answer: <p>Option C</p> See More

Answers (4)
In order that a provision should be recognized in an entity's financial statements, it is necessary that:
Top Answer: <p><span>The entity has a present obligation</span><span>an for which outflow of ... See More

Answers (3)
Which of the following is true about the contingent assets?
Top Answer: Always disclosed in notes to accounts See More

Answers (2)
Employees skills are said to be not an intangible asset i.e. not controlled by the entity .what if there is a binding contract which states otherwise?
Top Answer: If an employee's skills are intangible assets, they are closely related to a tangible asset, namely the e ... See More

Answers (2)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.