CONTIGENT LIABILITYES
Answer Posted / vengal rao
Contingent liabilities are possible future liabilities that
will only become certain on the occurrence of some future
event. A contingent liability is less certain than a
provision: the latter is expected to occur, a contingent
liability might occur.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...
can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
Three steps for correction in BRS?
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.
where we have file E-returns in SAP FICO-CIN/Wtax?
How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.
WHAT IS THE PROFILE OF FINANCE EXECUTIVE IN TEXTILE INDUSTRY
WHAT IS CORPORATE ACTION?
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
what is differred tax liability? explain in detail with some example.
How & When We Calculate Deffered Tax... Please Give me Some Example.?
what is the difference between speculation & investment?
Expand-----RTD
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .