contiagent liabilty

Answer Posted / sanjog bajaj

CONTINGENT LIABILITIES ARE NOT THE REAL LIABILITIES,IT SHOWS
BELOW THE BALANCE SHEET AS A NOTE.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is meant by advance ruling? What is the scheme of advance rulings?

1536


Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful

1601


Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1456


what is Accounting Standers?

1683


A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty

1423






WHAT IS BANK RECONCILIATION STATEMENT? DIFFERENCE BET PUBLIC COMPANY AND PRIVATE COMPANY? MEMBERS IN PUBLIC CO AND PRIVATE COMPANY? WHAT IS DEPRECIATION?

1740


HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

1583


what do u mean by arrear basic or arrear hra?

3266


what is forecast

1106


plz send me the accounting questions and answers of bank of america.

1430


Expand---------OTMD

1993


What is back value adjustment/correction in Nostro Reconciliations?

7152


what do you mean indirect expanse in trading business?

1805


Why you choose commerce faculty & not science or Why you are in commerce & not in science ?

1655


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1446