Answer / suresh.n

It is a liability which may or may not be arrise in future.

Ex: Court cases, Bill discounting.

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.

What Do u mean by deffered Tax Liability

1 Answers  

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please tell me debit credi entry , in respect of salary advance and how to deduct,advance paid to employee

6 Answers   Morgan Stanley, Tops Technologies,

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Short Answer on _________Cost Accounting

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Calculate the profit/loss on sale of the following assets as on 30th september 2000 cost of the asset on 01.05.95 50000/- Salvage Value 5000/- Method of depriciation & date WDV 15% sales of asset on 30.09.2000 Rs 25000/-

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what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

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What is deffered income

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where do you enter a closing stock

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what are the point to see when calculating the Company Profit / Loss

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A is raise a bill to B of amt. 25000/ At the time of payment B will be deduct the TDS from which rate.This bill raised first time to B By A. Trilok Sharma (Vigneshwara Developers)

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cash book ruals

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Expand--------TRSM

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Any two difference of Trading and Profit and loss A/c

6 Answers   IBM, Syntel,

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