2. Contingent liabilities should be recorded in the
books when;
a) It is probable that the future events will occur
b) The amount of the liability can be reasonable
estimated.
c) Both (a) and (b)
d) Either (a) or (b)
- 2 Answers
- 5946 Views
- FactSet Systems, India Infoline, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kurelladhasharath
contingent liabilities nothing but the amount of the liability can be reasonable estimated
| Is This Answer Correct ? | 6 Yes | 0 No |
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
you purchase a machinary on a loan what is the joury entry for that and where will you show the the loan amount in balance sheet and show the ledger account?
What is the difference b/w NPV and PBP?
what is journel entry
can debenture is cenverted into share?if yes? how?
give journal entries for the following jan-1 started business with cash 50000 & loan 80000
After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year.
What is PE ratio formula ?
Can i make invoice when my client apply for TIN Number ?
What is the difference between debit and credit?
---------is the main or principle book of accounts
Expand I T O
Audit 
