If your sub-contractor is under liquidation and you have a disputed amount for settlement of final account, how will you conclude settlement?

Question added by Riyaz Ahmed Syed , Asst. Procurement Manager , Hitachi Doha LLC
Date Posted: 2018/01/31

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Can you identify and explain the basic accounting principle which requires prepayments to be included in final accounts.?
Top Answer: Matching Principle is the basic accounting principle which requires prepayments to be included in the fin ... See More

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ماهي الحسابات الختامية وما الفائدة من عمل كل منها؟ what are the final accounts? and what are the benefits of making them?
Top Answer: <p>الحسابات النهائية وجرد واحتساب كل من الاصول والارباح والخسائر فى نهاية السنة المالية لدى المؤسسة ... See More

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How to prepare final accounts for the first time?
Top Answer: <p>First of all you must have understanding of heads of account, like in current assets ,sub heads ... See More

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What is a contigent liability ? and where it is shown in the final account?
Top Answer: <p>Contingent liaility usually arise when company have a significant financial risk indirectly, for ... See More

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