Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What do you mean by contingent liability?

Answer Posted / jubeda

CONTINGENT LIABILITY IS THAT IT IS TO BE PAID OR NOT IN
FUTURE ITMEANS IT MAY ARISE/N

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

2050


Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?

2285


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1554


Expand ctc cheque?

1035


As you know executive accounting?

1020


what is payment written

2046


What are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1208


Explain me what do you think is bank reconciliation statement?

1095


Do you know what is double-entry accounting? Explain with an example?

1017


Explain dual aspect term in accounting?

1020


Tell us did you use accounting applications at your previous companies or prefer working manually?

1016


how can i settle the party ac with cr & dr

2025


Explain some of the accrued expenses and the accounts in which you would record them?

1083


What is the difference between deferred revenue and accrued revenue?

1099


journal entry for prepaid insurance and salary outstanding

1627