Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / k.sudhakar reddy
contingent means which may happen or not happen in future,
contingent liabilty means the liabity may be or may not be
be happen happen in the future event.the event will be
favoir for us then it will should not called as an
contingent liabilty but when the event will happen against
for us expectation then it should be called as "a liabily"
until the happen of future even we should treat the
contingent liabilty so we will be shown foot note of the
balance sheet.
The best example for this : a pending transation in a court
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
how will you create the posting periods 3 and 5 or 5and 7?
how to prepare HSD statements in tally
How do the standards assist the users of financial report?
income from depreciated asset is profit or loss?
A----------involves transfer of money or moneys worth from one person to another
Expand MNS
Can you explain about the distinction of Book-Keeping and Accounting
Short Answer on ________Adjusting Entries
how to do the finalise of account? what is the step? why we need to do like that?
What will be the consequences if the partnership is not registered
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
hi guys, pls refer me how to preppare for Indian Bank exams.
send me accounting test ppaers
EXPAND___________NAA
im preparing for the sbi clerical post please send me the solved questions.
