Answer / pradeep gunuguntla

The liability which comes into existence on the happening of
an uncertain event.

Answer / vipul chauhan

contigent liability which is payable on the event it may be
payable or not for example the insurance amount is payable
if incurred the event otherwise not payable this is called
the contigent liabilities

Answer / himanshi

contingent liability is that liability of the occurence of
which is uncertain. this liability is not shown in the
balance sheet rather below the balance sheet on the
liability side.

Answer / sivakumar

it is the liability which will accrud based on the future
event.

Answer / parushuram

contingent liability is liability the amount which is
payable to the depancesupon feature happening is called
contingent liability

My firm got Rs.1,00,000/- as consultancy charge after deducting Rs.10,000/- as TDS. Now we have to pay Rs.15,000/- as Service Tax. Net effect we will receive only Rs.75,000/-. How can i account this.

1 Answers  

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hi to all this is sai i attend interview for genpact last week he asked me about BRS :if ur MD issued a cheque for his own insurance premium what u will do? this is the question plz give answer for this

13 Answers   Genpact, Uttam Galva,

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3 Answers  

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is we can prepare any account for partnership in tally

0 Answers  

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6 Answers   Accenture,

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0 Answers   Northern Trust,

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in tally how to enter cheque receipts and cheque payments

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What is the Defference between Bank balance and insurance Balance.

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