Answer Posted / ankit dabda
Contingent event may be happened or may not be happened in future bu company has to make provision for it because it support the principle of accrual accounting, where a company has to include all its future losses and neglect any expected future profit. This entry does not include in balance sheet but has to show in annual report.
Is This Answer Correct ? | 16 Yes | 2 No |
Post New Answer View All Answers
What is limit of turnover for registering under CST & limit of Form 'C '
interest paid comes under which head
Expand--------TOS
We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.
what is mba tell me the more benefits in mba
How shall I calculate the true profit of my business, as I am a layman for accounting.
shares journal entries
Expand-------ANC
what do u mean by arrear basic or arrear hra?
how can i make configration relation with inflation in sap
what are the accounting ratios
how to make a project accounting in tally erp9 ?
What is EBITDA
I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?