Interested to Buy Any Domain ? << Click Here >> for more details...
Where will Contingent liability appears? And why it is not
appear in Balance sheet?
- 4 Answers
- 23553 Views
- ACS, I also Faced
- E-Mail Answers
Answer Posted / kiran
Contingent liability does not appear in the balance sheet.
It is written as a note under the balance sheet because
contingent liabilities are those liability which may or may
not be incurred depending on the future outcome. For Ex:
Loss by fire, theft etc...
| Is This Answer Correct ? | 25 Yes | 6 No |
Post New Answer View All Answers
What exactly balance sheet depicts
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
how can make configration related with electronic bank statment and how can i upload bank statment to system
What is Split And buy-back?
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
what is pre settlements and post settlements in Derivatives?
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
Comments Elements in accounting
What is limit of turnover for registering under CST & limit of Form 'C '
EXPAND___________NBW
Tell me the steps for Import and Export Thanks
where is suspense entry is entered in tally erp9
give the details of overheads which are not included in costing
EXPAND_________SDJMC
What is accounts payable?
