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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is the Accounting Treatment for Contingent Liability ?
 Question Submitted By :: Md.manna
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is the Accounting Treatment for Contingent Liability ?
Answer
# 1
Contingent Liability is not an actual liability therefore it
is not recorded in b/s. they appear as a footnote to b/s.
 
Is This Answer Correct ?    1 Yes 2 No
Naresh_l
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
why to ifferentiate between capital and revenue expenditure?  4
When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.  1
What do you mean by an Accounting Cycle....????? HCL3
What is shadow balance?  2
what is mutualfund? Franklin-Templeton7
How to calculate india GDP growth rate?  6
whatis mean by accured income? Capital-IQ4
what is the difference between cash flow and fund flow? BoA3
venture capital Capital-IQ7
Who would NOT be considered "independent" in the context of an independent examiner?  1
Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???  2
why opening stock posted in the credit side  2
what is accounting standard ? Virchow-Biotech1
While processimg for vendor outgoing payments in f-53 i am getting error massage i.e.exchange rate difference incomplete in vendor g/l account and allowing me to clear the payment,how can i rectify this one,plz guide me?  1
Is sensex opens in morning with same points with which it was closed on eve of previous day or may its points change in night?  2
In Accounting how many types of formulaes?  3
what is the difference between direct income and indirect income? Wipro1
what is securities?  2
What is the full from of DR and CR ? Adani7
Is fee income unrestricted income or restricted income?  1
 
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