Accounting Questions?
Accounting Questions?
Can somebody please explain,
Determine if there is a different treatment for executory contracts such as executive's compensation, relative to purchase commitments.
Answers:
haddassa222: executory - to execute
Executive's compensation also called owner's drawings
purchases - to buy assets for the business
Basically this means that they want to know if your business purchases are handled in the same way as owner's drawings. However - it looks like I only have 1/2 the information here. I could translate this so many different ways.
2008-03-29 20:14:36
2008-03-29 20:14:36