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
Answer / balu
the amount of the liability cane be reasonably estimated
| Is This Answer Correct ? | 11 Yes | 12 No |
What's the method to prepare the MIS Report? or What's the Step of prepare of MIS Report?
what is accounting
what is the capitla expenditure & revenue expenditure give the 5 difference between capital & revenue expenditure and also its example?
Who will be called as consignee
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
what is the diffrent between income statement and balancesheet
what do you mean by fixed asset?
25 Answers Baba Group, Capital IQ, Orchid,
Expand---------EBCD
Short Answer on ______Management Accounting
SHORTCUT KEYS WITH DESCRIPTION IN TALLY7.2 PLZ ANSWER IT.
Expand-------------BRTS
Please do tell me about the questions which are asked at BACS FINAL ROUND.
0 Answers BA Continnum Solutions, Bank Of America,