Answer Posted / kishore (ciq)

There is no Accounting treatment for contingent liability
According to AS3 we have to disclose it below the balance
sheet.

But the estimation of the contingent liability is very
important as it has to known by the investors.

If you clearly known the out come of the liability then you
can make a provision.

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We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

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Is WCT paid to be considered as overhead during costing in construction firm?

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Expand------------STRA

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How many types we are received funds in business purpose

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respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

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Assets are held in the Business for the purpose of____________________

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