what is contingent liability

Answer Posted / anand

It is not a real time liability whether future events can be decided whether it is a liability or not. It shows the balancesheet under footnote

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Tax evasion? How can it be curbed?

643


"NO CONSIDERATION, NO CONTRACT" EXPLAIN WITH EXCEPTION.

4198


What Is The Difference Between Cost And Expense?

627


What is Pradhan Mantri Suraksha Bima Yojana?

640


What has happened in the markets in the past three months?

552






What are the main duties and responsibilities of a finance executive?

538


Tell about Plastic Currency?

650


What are the different types of accounts in Banks?

614


What do you mean by casa deposits?

618


What is Base Rate?

636


What do you mean by imps?

631


What are the different types of accounts in a Bank?

599


How is beta calculated in capm?

604


what happend to the DLF co. during recession why the slow down in it's share and comapny also?

1741


What is Bill Discount?

694