What is contingent event?
Answers were Sorted based on User's Feedback
Answer / ankit dabda
Contingent event may be happened or may not be happened in future bu company has to make provision for it because it support the principle of accrual accounting, where a company has to include all its future losses and neglect any expected future profit. This entry does not include in balance sheet but has to show in annual report.
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / nupur jain
A contingent event is a future event which is epected to
happen. Generally it is a conservative way of thought. An
event which might happen in future and that might be the cause
of a irregular and non-recurring expense for the company
| Is This Answer Correct ? | 9 Yes | 3 No |
Why 2:1 is considered as ideal current ratio?
What is Quick Book ?
what is mutualfunds?
What type of question generally asked in Brokerage Firm ?
Expand L T A
wht is INSTITUTIONAL INVESTMENT?
My BASIC Salary is 18,000
0 Answers Tonia Liquor Industries,
If Bank OD In Balance Sheet Which Site Showing?
Expand ------NITES
Difference between single and double entry?
What is a cash flow statement
What is the difference between debit and credit?