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
Answer Posted / balu
the amount of the liability cane be reasonably estimated
| Is This Answer Correct ? | 11 Yes | 12 No |
Post New Answer View All Answers
In what cases can Convertible bonds be considerred as derivatives?
What do you mean by Adjustment
Difference Between Revenue & Capital Expenditure (Give an Example of each )
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
what is a reducing balance method and depreciation fund investment method and 2 diffrences?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
What is Accounting on Computers
what are the uniform public construction cost accounting act procedures?
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
Expand RMP
how to prepare mba finance for interview questions
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
How and by whom the Percentage of Depreciation is fixing?
WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?