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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?
holding is the rule of law or legal principle that comes from the decision or the judgment plus the material facts of the case dicta means other statements in the decision that do not form part of the holding
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 the word forbid?
The future tense of the verb to forbid is will forbid.
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.
What is the difference between Liabilities and Commitment?
Liabilities are financial obligations that a company owes to outside parties, such as loans, accounts payable, and other debts that require future settlement. Commitments, on the other hand, refer to future obligations that a company has agreed to, which may not yet be recognized as liabilities on the balance sheet, such as contracts for future purchases or leases. While liabilities represent current debts, commitments are more about future financial responsibilities that can impact a company's cash flow.
What is the difference between a company's assets and its liabilities?
A company's assets are resources it owns that have economic value and can generate future cash flows, such as cash, inventory, and property. In contrast, liabilities are obligations or debts the company owes to outside parties, like loans, accounts payable, and mortgages. The difference between a company's assets and liabilities is known as equity, which represents the ownership interest in the company. Essentially, assets provide value, while liabilities represent claims against that value.
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 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.
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 the future and in future?
Some people pronounce the word in a different manner.
Goods purchased on account for future use are?
prepaid liabilities
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.
