Answer / c.r.s yogesh babu

It is a Liability May or May not happen in mere future.
Example: Letter of Credit

Answer / gouher

what is contingent liability?




Contingent liability is like a reserve for an emergency liability, which may happen or not happen in the future course of time.

Answer / sumi bhardwaj

contingent liability ,which may happen or not happen. in
other way we say that it is a provision which is made by
company for secure its future loss.

Answer / srinivas sudagoni

Contingent liability is the future liability. the obligation to pay may be depend on occurrence of a contingent event.

WHAT IS ACCRUED INTEREST ?

4 Answers   Accenture,

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How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??

0 Answers  

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what is primary cost category?

4 Answers  

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our company purchased a used Forklift car. it is 6 year old. since it has reached its depreciated value, do i need to take it as a Fixed Asset? or just book it as an expense ?

1 Answers  

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Sold goods to Gasha 600 by cash

0 Answers  

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Explain me some of the examples for liability accounts?

0 Answers  

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i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries

3 Answers  

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deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason

1 Answers  

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How To Entered The Entry in Tally If The Amount Came of Insurance Claim Recovery

0 Answers  

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During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per Income Tax Act & Companies Tax Act differs, please answer this quetion ?

2 Answers  

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what is the accouniting

3 Answers   Cognizant,

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Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.

4 Answers   Infosys, Muthoot Group,

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