what is contingent liability
- 7 Answers
- 12712 Views
- AXA, Capital IQ, Dena Bank, TCL, TCS, I also Faced
- E-Mail Answers
Answer Posted / manik kakkar
A contingent liability is a potential liability that may occur, depending on the outcome of an uncertain future event. A contingent liability is recorded in the accounting records if the contingency is probable and the amount of the liability can be reasonably estimated.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What according to you should the government do to eradicate poverty?
Why does a company issue stock?
What Is The Difference Between Accounts Payable And Accrued Expenses Payable?
Define Banking and what are the other services provided by the banks?
What is an NPA?
What is the current Cash Reserve Ratio?
What are some of the roles of NABARD and IRDA?
What are 'carbon funds'?
What Is The Difference Between Cost And Expense?
When is the next census due in which the Delimitation Commission has proposed that the next census should be panchayat wise?
hi i m tarun from gr.noida i m p.g.d.m.(finance)i want know what is the work as a finace and what is the differernt between c.a&m.b.a.(finance)my id tarun.atul@gmail.com hai. (
Discuss on consumer credit card.
State the difference between Sales Tax and VAT.
What Is Sensex And How It Is Calculated?
Which technology is used by the banks for settlement of cheque?
