Answer / naresh_l

Contingent Liability is not an actual liability therefore it
is not recorded in b/s. they appear as a footnote to b/s.

Answer / uzair

It may be come an liability on happening of certain event Contingent Liability is not an actual liability. two terms are important in it probable and possible. if it is probable then will appear as a footnote and under non-current liabilities in b/s. and if possible then only as a footnote to b/s.

Answer / ekhlaque amin

It may be come an liablity on happening of certain event .
for example : when order is placed for a credit purchase

tell about friendship

21 Answers   CTC, Genpact,

---

Hi all of you my name is Purushottam Kumar i would like to ask this question to every user of this site.My question is 'Where does losses goes in Share Market'?

2 Answers  

---

out standing salaries goes to whiich A/C I mean personal(or) real(or)nominal a/c

14 Answers  

---

classify the following into real, nominal, personal account 1. Discount account 2. interest on debenture 3. Land account 4. salary account 5. carriage account 6. printing & stationary account 7. stock account

5 Answers  

---

what are the reasons to hold invoice fof payment?

2 Answers   IBM,

---

WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?

5 Answers   Mellon,

---

fill in the Blanks The minimum amount of remuneration allowable to the working partners is___________

1 Answers  

---

What is meant by debt fund.

5 Answers   Franklin Templeton, Shiva Corporation,

---

Discuss the role of cost accounting in managerial decision making?

1 Answers  

---

Profit is a asset or liability to the company....? If is it a asset or liability....how it is....?

2 Answers   ACC, Xerox,

---

Expand A O

3 Answers  

---

Expand----------MTSC

0 Answers  

---