what is the accounting treatment for contingent laibility?
- 3 Answers
- 9768 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / shubhansh
it is shown in liabilities side in Balance Sheet as note,
and not added.
| Is This Answer Correct ? | 1 Yes | 6 No |
Post New Answer View All Answers
Please share different type of Z report
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
Interest earned on investments is an__________
What was use of tally erp 9? Types of vat?
what is the procedure for issuing th C form
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
what are the important steps to take during the conversion of an accounting system.
Entrance Exam question & Answer required
