Answer / sricharan babu m

It is obligation which may or may not occuar in future.
Here we not keeping any amount separetly for that
obligation. it will disclose undet foot note in the
financial statements.

Answer / sivanarayana.sana

This are the not real liability. which may or may not be payable in the future 

Answer / meena

Contingent liability is the possible liability that existence of which will be confirmed by the occurrence of one or more uncertain future events..

IF CASH-IN-HAND COMES IN CURRENT ASSET(HEAD) THEN PLEASE TELL ME IN WHICH HEAD COMES "SALES RETURN" AND "PURCHASE RETURN"

10 Answers   Genpact,

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Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

1 Answers  

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Amount received on sale of old news paper --------receipt

3 Answers  

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What is RTGS system and when it was formulated and who?

2 Answers  

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what is controlership?

1 Answers  

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What is the entry for deprecation?

5 Answers   HCL,

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what are the financial reports to be accompanied with income tax return of a business concern?

1 Answers  

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What Kind Of Requirements for Vat Refund And Assessment Cases

1 Answers  

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what is vat and sales tex?

1 Answers  

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40 Answers  

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Can you provide provision for contigent liablites?

3 Answers  

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what is revenue expenditure

3 Answers   Steria,

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