What is contingent liability?
Answer Posted / spsiva.mba
These are not the real liabilities future events can only
decide weather it is a liability or not due to their
uncertainity these liabilities are called contingent
liability. ex: Bill Discounting.
Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
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
In SAP FICO How many ways we are Procuring the assets in the Company?
Define `Realisation` Account? Explain the salient features?
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
Why does one need a broker?
What is Accounting on Computers
what is accounting in automobile
how an accountant can do budgetery controls of expenses?
WHAT IS PROSPECTUS?
What Settlement details are required on the delivery instruction slip?
What part can management policy play in the analysis of cost behaviour?
why should we are preparing BRS
what is cnc machine hour rate? how it is calculated?