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contiagent liabilty

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contiagent liabilty..

Answer / ravi

might be payable or might not be payable depending up on
the judgement given by the court and it will be recorded
in foot note of balance sheet on liabilities side

Is This Answer Correct ?    4 Yes 0 No

contiagent liabilty..

Answer / durga bhavani

it is uncertain it is shown under the balance sheet this is
depend upon uncertain future event it may occur in future
according to accounting equation approach the comapany
consider all liablities

Is This Answer Correct ?    3 Yes 0 No

contiagent liabilty..

Answer / ullas patil kulkarni

It is the future obligation that may or may not met.

Is This Answer Correct ?    1 Yes 0 No

contiagent liabilty..

Answer / kalyani

1. The possibility of an obligation to pay certain sums
dependent on future events.

2. Defined obligations by a company that must be met, but
the probability of payment is minimal.

Is This Answer Correct ?    0 Yes 0 No

contiagent liabilty..

Answer / sanjog bajaj

CONTINGENT LIABILITIES ARE NOT THE REAL LIABILITIES,IT SHOWS
BELOW THE BALANCE SHEET AS A NOTE.

Is This Answer Correct ?    0 Yes 0 No

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