Please Help: Meaning of Capital Commitment
Posted Date : 05-Jun-2012 , 05:14:05 pm | Posted By: Hardik Thakkar
Category :
Accounts | Answers :
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What is meaning of the term "Capital Commitment" in theory and practical pharase?? |
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Answers:
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 Answer by: Rishabh Upadhyay |
| Allocation of funds for a possible liability in the near future arising out of capital expenditure. Firms must disclose their capital and financial commitments in notes (footnotes) accompanying a balance sheet.
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| Answer by: Rishabh Upadhyay |
| Yes, the same will form part of long term liability against an asset.
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| Comments |
| Posted By : Hardik Thakkar |
05-Jun-2012, 05:18:35 |
| only the balance sheet items are considered for this purpose, Right sir?? |
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