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 is contingent liability

Answer Posted / himanshi

contingent liability is that liability of the occurence of
which is uncertain. this liability is not shown in the
balance sheet rather below the balance sheet on the
liability side.

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Pass the journal entry: rent outstanding

1848


how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com

2124


What all are the documents need to check for a supplier payment?

1666


Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

1102


purchase of Rs 1000 were rejected and returned,however vendor returned Rs 800 and balance Rs 200 is charged to sundry exp A/c

5121


What is normative accounting?

1083


What is the difference between costing and cost accounting?

1083


what made you take up present subject/area of specialization and what would you define as your career objectives

2209


all GL Related Interview questions with answear

2868


my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???

1456


Explain have you ever heard about tds, what it is?

1170


Were i have to enter for agreements in tally and in which ledger it will come

1755


what is the meaning of 4X and 10X value in intraday market?

2294


Can you name different branches of accounting?

1065


What is your role in planning?

1290