CONTIGENT LIABILITYES
Answers were Sorted based on User's Feedback
Answer / rama sankar
Simple words,it is a activity which may become liability on
happening of an event which could be the base to determine
this as liability.
Till then it should be shown as off balance sheet it.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is meant by cash inflow and outflow and differences
A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume (P/V) ratio of 40%, its current sales amount to A. Rs. 200 lakhs; B. Rs. 300 lakhs; C. Rs. 325 lakhs; D. None of the above.
What is semi variable expenditure and example?
how to entry in tally for other person check received
what is the journal entry for this bank reconcilation statement? BANK CHARGES DEBITED BY BANKER BUT NOT ENTERED IN CASH BOOK
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
which value we have to calculate TDS? Is it for bills recd or no of pymnts made during that year?
What is the analytical way of accounting?
what is circuit filter?
Debut increases,Credit decreases in-------------- Credit increases, debit decreases in-------------
Who is called consignor
What is insurance?