Contingent liabilities should be recorded in the accounts
when
A) It is probable that the future event will occur
B) The amount of the liability can be reasonably estimated
C) Both A&B
D) Either A or B
Answer Posted / ramana
b
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
income from depreciated asset is profit or loss?
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
You have joined company yesterday then you are Appling B1 visa today. why so urgent.
EXPAND___________NAC
How is the expenditure of developing a modified product treated?
Mention some of the major contributions made by you in your present and previous jobs
Examples of automatic generated content material of car logbook loans?
What does my credit score mean?
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
what is purchase consideration?
What are events occuring after the balancesheet date?