what is contigent liability and where we shown in balance
sheet
Answer Posted / kiran
A contingent liability is a potential liability...it
depends on a future event occurring or not occurring. For
example, if a parent guarantees a daughter's
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
how many view the tally backup erp9 after the tally backup in tally
List out some of the accrued expenses and the accounts in which you would record them?
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
how to reduce the interesting giving to debts ?
Explain in simple terms what is the difference between asset, equity, and liabilities?
bank releted question interviw plz tel me
Explain me scrap value in accounting?
Revenue Expenditure
Is push down accounting accepted under generally accepted accounting standards?
What is accounts receivable?
What is the entry for closing stock value reduction?
Did you use accounting applications at your previous companies or prefer working manually??
GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
How to make a vat entry in books including setoff?
how to calculate vat,pf,esi,service tax in corporate firm