Contingent liabilities should be recorded in the accounts
when
A) It is probable that the future event will occur
B) The amount of the liability can be reasonably estimated
C) Both A&B
D) Either A or B




Answers were Sorted based on User's Feedback



Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / sravan kumar

C answer

Is This Answer Correct ?    30 Yes 1 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / srujanrao

ans>c

Is This Answer Correct ?    7 Yes 0 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / balu

the amount of the liability cane be reasonably estimated

Is This Answer Correct ?    11 Yes 12 No




Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / swetha

A

Is This Answer Correct ?    3 Yes 5 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / ramana

b

Is This Answer Correct ?    0 Yes 3 No

Post New Answer



More Accounting AllOther Interview Questions

what is the work of cost accountant?

4 Answers  


How do the accounting standards facilitate the work of accountants?

1 Answers  


Breif notes about accounting standards

0 Answers  


What are bad debits?

4 Answers  


Can you tell me the closing stock entry?

21 Answers   Satyam, Cyber Matrix, Alpha,






During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?

0 Answers  


What is a dead A/c?

2 Answers   Time,


What do you know about hyd? Tell something about hyd?

0 Answers   CTS,


I AM WORKING IN THE CORPORATE (HEAD OFFICE)OF A FINANCE COMPANY. I CO-ORDINATE FOURTEEN BRANCHES IN DELHI. AND MY JOB PROFILES ARE BANK RECONCILIATION,CASH RECONCILIATION, MIS,TRAINING TO THE JR.EXECUTIVES,BRANCH VISIT,SUPPORTING TO BRANCH,ETC. THE QUESTION WAS WHAT U DO FOR UR BRANCH? I TOLD MY ALL JOB PROFILE BUT IT WAS NOT A GOOD ANSWER. WHAT TO SAY FOR THE NEXT TIME?

5 Answers   HCL, Genpact,


If Bank OD In Balance Sheet Which Site Showing?

12 Answers  


what is securities?

5 Answers  


What is an auction?

1 Answers   Mellon,






Categories