What is contingent liability? Ex
- 2 Answers
- 4785 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suresh.n
It is a liability which may or may not be arrise in future.
Ex: Court cases, Bill discounting.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / santy
Contingent liability is the liability which is depend upon
happening of certain events in the future’s the liability
may be payable or may not be. So we need to consider this
liability in the financial statement.
| Is This Answer Correct ? | 6 Yes | 0 No |
Please help in payroll accounting in tally 9.0, by all means and all things in it (Ex:creation of pay heads, employyes groups, etc and other things which are necessary for payroll accounting).
5 Answers ABC, Accounting, Aplomb, Infowaves, NIIT, Veekshanam, Wipro,
discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?
Instalation chrges on machinery debited to repairs and maintenance a/c.is it correct,if not correct write the rectification entry
Expand STP?
5. What is cost of goods sold?
Short Answer on ___________Arbitrator
what is 'operating and non operating expenses?
2 Answers BA Continnum Solutions,
How to maintain Purchase Orders ? Please explain by proper format.
what is purchase consideration? How does it come about and how is it treated in the books?
where can i get APGENCO jr Accounts officer test question paper
1 Answers APGenco, apspdcl, JAO,
what is the difference betwen p & l a\c and income & expenditure statement
EXPAND______________PIN
Audit 
