Answer / kiran

A contingent liability is a potential liability...it
depends on a future event occurring or not occurring. For
example, if a parent guarantees a daughter's

Answer / ankur vora

A Contingent liability is the probation of a liability which right now is not incurred but might occur in future depending on certain future event occur or not. It is not shown in balance sheet but it is described or mentioned in annual report below the schedules to the financial statements.

what is the meaning of preliminary expenses

1 Answers   Cap Gemini,

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Explain me what do you think is bank reconciliation statement?

0 Answers  

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When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?

0 Answers  

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WHAT ENTRY PASSED IN BOOOKS OF ACCOUNT IF INVOICE BILING AS UNDER :. SUB TOTAL = 428325.45 VAT @12.5%= 53540.68 Additional vat 1%= 4283.25 ORDER DISCOUNT = (9722.99) ROUNDED OFF = 0.39 -------------------------- NET AMOUNT = 476426.00

2 Answers  

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As you know executive accounting?

0 Answers  

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WHAT DIFF.BETWEEN CAPITAL EXPENDITURE AND CAPITAL REVENUE?

2 Answers  

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Is the shadow balance present in bank account always credited or bank may reverse it as well?

0 Answers  

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WCT DEFINATION

1 Answers  

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Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

0 Answers  

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In which book of prime entry would the vat output Vat on credit sale be recorded?

2 Answers   Digitals India security, Genpact, Marketing Sales, SSIL,

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Contents of a Balance sheet

6 Answers  

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What is difference between debit note and Proforma Invoice

3 Answers   ICA,

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