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 / srujanrao
ans>c
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Anyone whose sbi interview has been over , please share all the question asked by them
How can a shopkeeper maintain the daily data in tally
Difference between cash and merchantile system?
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
in what form is crr kept in RBI?
I need all WNS interview questions
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
please give me a last 10 years sbi clerk question and answer paper
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
am attend to bank exam(iob)pls send model questions
when calculating for np% do i include interest or do i take it off
how standard costing techniques are applied in manufacturing sectors
is it necessasary to make a partnership deed