what is the accounting treatment for contingent laibility?
- 3 Answers
- 9771 Views
- Capital IQ, I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 18 Yes | 0 No |
Post New Answer View All Answers
What is outsider equity and time interest period ratio?
i want the difference p&l a/c and Income and expediture statement
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
How to Calculate PF with interest or without interest.
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
what is the script forms standard text in fico
im preparing for the sbi clerical post please send me the solved questions.
Short Answer on ________Accounts Payables
Purchase book is a ----------journal
tell me about roll model as father
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
what is Accounting Standers?
Which Exchange determine Foreign Exchange/Currency Rate?
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
what is buy bach shares?
