what is the accounting treatment for contingent laibility?
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
What is the working formula for Inventory turnover
What is the difference between income statement & Profit&loss A/c?
What is Provision for expenses?
Whether the TIN and CST no. remain same for a firm in M.P. state. If a firm ask for CST but having only TIN no. is it correct to entertain his invoice?
what happens to each of the three primary financial statements when gross margin decreases?
What is Direct Debit
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?
What is the complete role of a Process executive in Accounts Payable Process ? Please anyone who is an expert in the process answer my question. A reply would help me a lot.
What is the GDP growth?
EXPAND_________SEC
What exactly is derivatives segment. can u explain futures and options with examples...
how to do the finalise of account? what is the step? why we need to do like that?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
What are the Types of invoices batching? & what is 3 way batch?