What do you mean by contingent liability?
Answer Posted / aabid zulfi
Contingent liability
means it is a liability
which is shown in the
books of accounts but
is not actually payed.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What are time sheets?
What is the important of computerized accounting to manual?
why we multiply no. of purchasing year with average profit
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
What is the difference between cost accounting management accounting and financial accounting?
What is the general classification of accounts that usually ledger account involve?
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
What are the major components of country's trade account?
What do you mean by material facts in accounting?
Recent banking question for 2015 interview for scale2 exam of sbm
What is fiduciary accounting?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
Mention why some asset accounts have a credit balance?