What do you mean by contingent liability?
- 10 Answers
- 16260 Views
- Siemens, I also Faced
- E-Mail Answers
Answer Posted / aabid zulfi
Contingent liability
means it is a liability
which is shown in the
books of accounts but
is not actually payed.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
If closing stock is given in adjustments, how we show in tally 9.0 ?
Case Study: Deepak Hand tools Private Limited DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
There is no item category assigned to account
Tell me what are the three factors that can affect your cash flow and business profitability?
What is Prepaid Entry
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
What is fiduciary accounting?
What do you mean by balancing of ledger account?
'Talk me through an example of how you have used data to improve your teams productivity.'
What are the 4 types of ppe?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
what is valuation code and valuation modifier in sap fico
Define dual aspect term in accounting?
