Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
Liability that may arise after the Balance Sheet date due to
happening or not-happening of an event. This need not be
shown in the Balance sheet,a s quantification may not be
possible, but needs to be shown in the Notes to Accounts.
Example : Guarantee given to a third part borrowing, Suits
pending in courts of law, etc.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
what is profit maximisation
Explain what knowledge should financial accountant have?
What is general ledger account?
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
What is the difference between personal account real account and nominal account?
Do you use social media to identify prospects?
what is casual receipt? is it exmpted in income tax?
Tell me what is the abbreviation for the accounting terms debit and credit?
What is the basic accounting equation?
What are mis reports?
how many view the tally backup erp9 after the tally backup in tally
List out some of the accrued expenses and the accounts in which you would record them?
What is Time capital
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
