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What is the difference between past service liabilities and future service liabilities?
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∙ 13y ago
Past service liabilities refer to unfunded benefits earned by employees before the inception of a pension plan. Future service liabilities represent the estimated cost of providing benefits to employees for their future services during their remaining period of employment.
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What is difference between precedent and statue?
A precedent is a past court decision that serves as a guide for deciding similar cases in the future. A statute, on the other hand, is a law created by a legislative body, such as a government or parliament. Precedents interpret statutes, while statutes are the laws themselves.
What is the difference between a holding and dicta?
A holding is the official decision made by a judge that sets a precedent for future cases, while dicta refers to comments or opinions expressed by the judge in the case that are not essential to the decision. Only the holding is legally binding and can be used as precedent in future cases.
What is tha Difference between punishment and sanction or penalty?
Punishment refers to a penalty imposed on someone who has violated a rule or law, often with the intention of correcting behavior or deterring future violations. Sanctions or penalties are measures imposed to enforce a rule or law, with the aim of encouraging compliance and discouraging non-compliance, but may not necessarily involve the punitive aspect seen in punishment.
What is the future tense of protect?
The future tense is will protect.
What is the future tense of They follow the rules?
The future tense of "They follow the rules" is "They will follow the rules."
What is the difference between liabilities provisions and contingent liabilities?
Provision made for known or specified liabilities which may occur in future is provision for liabilities whereas Contingent liabilitiy is provision made for unknown liabilities which may or may not occur in future.
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
When do you debit the deferred tax asset?
When there is a difference between the carrying amounts and tax bases of: 1. Assets 2. Liabilities 3. Expenses which leads to a reduction in your future tax liability.
What is the difference between science and future?
I don't see a difference really. the future will always involve science
What is the difference between assets and liabilities?
Assets are things you have, or expect to have (cash, inventory, accounts receivable). Liabilities are things you will have to give away (Accounts Payable, dividends to be paid, etc).
What is the difference between currency future and currency option?
The difference between a currency future and a currency option is the option is the amount paid is all that is at risk and with future you could lose a lot more.
Goods purchased on account for future use are?
prepaid liabilities
What is the difference between the future and in future?
Some people pronounce the word in a different manner.
What is meant by liabilities?
'Contingent Liabilities' is a term defined as financial or legal liabilities that are dependant on some future event that has yet to occur. i.e. a court case or judicial review.
What are the differences between contingency and contingent liabilities?
Contingent liabilities are liabilities that might be incurred and the outcome is uncertain. They are recorded when the future events are probable to happen and the amount can be estimated reasonably. They include obligations related to product warranties. A contingency is an existing situation where there is uncertainty about possible loss or gain that will not be resolved in the near future.
When is long term liabilities due?
Long term liabilities are those that are due in a future fiscal year. In other words, one year or more.
What does liabilities in company mean?
Liabilities in company means that company is liable to pay something to either creditors or third parties in some future time.
