Answer Posted / raghavendra acharya
Contingent liabilities are those liabilities which are not actual liabilities at the time preparing balance sheet.It may or may not occur in future.It is shown as foot not on balance sheet.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Aptitude Test Questions
Explain things that fall under intangible asset?
audit under section and penalty under saction scurtiny under saction
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
what do you consider to be the biggest challenge facing the accounting profession today?
our cheque to Arshad Khan was dishonored?
What is account receivable?
What are the various systems of accounting? Explain them.
When we received payment from creditors
Tell me in accounting, vat abbreviates what?
what are the limitations of accounting conventions
Who uses accounting?
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
