Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / swati jain
As per Accounting Standard (AS) 29 on 'Contingent
Liability', it is a possible obligation that arises from
past events and the existence of which will be confirmed
only by the occurrence or non-occurrance of one or more
uncertain future events not wholly within the control of
the enterprise.
It is not an actual liability hence not disclosed on the
liability side of Balance Sheet and disclosed on the face
of the Notes On Accounts thereby forming part of the
Financial Statements
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
what are the suggestions to control NPA in rural areas?
what is status report? and flow report?
Expand------ARN
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
what is the uniform public construction cost accounting act?
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
Explain about Fixed capital
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
which are company offering jobs in PORTFOLIO MANAGEMENT ?
respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
Expand SOIT
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?
What is written off?
How to maintain Purchase Orders ? Please explain by proper format.
