Interested to Buy Any Domain ? << Click Here >> for more details...
whatis meant by contigent liability
- 6 Answers
- 9606 Views
- IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prasad deshmukh
if liabality is occured on happening or non happening of
certain events. It may be remote or probable.
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / joe_birmingham
If liabality is occured on happening or non happening of
certain events. It can be considered as a contigent
liability.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / sindujaramkumar
contigent liability is a liability which is not a liability
now but it may or may not become liability in future
for example : a case is pending in the court it may lead to
a faliure in future so that lot amount of money has to be
paid to the oppossition party
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / kiran kumar
If liability arises when Some occurence or non occurence of
certain events or transaction will took place.It may or may
note be a liability for the future. And it is shown as a
Footnote Below the Balance sheet.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ali azgar
If liabality is occured on happening or non happening of
certain events. It can be considered as a contigent
liability.
| Is This Answer Correct ? | 0 Yes | 0 No |
Depreciation, What type of cost? Direct cost or Indirect cost?
which are company offering jobs in PORTFOLIO MANAGEMENT ?
in BRS. cash book and pass book has Dr. side and Cr. side If we issued a cheque where we have to show that amount in both.
How the sub ledgers(AP, AR) integrate with GL liability and receivable
WHAT IS ACCOUNTING?
Passing of entry in ledger account from journal is called -- --------
what are the importance accounting entries for AP and AR process in interview..
find the sum of all the numbers 1 to 1000
What is shadow balance?
a trader sold an article for Rs 714/-after allowing discount of 15%.If not allowed discount he would have make 20%profit. If so what will be thwe cost price of the article
Give three examples of P/V ratio?
ABC Ltd. firm has a sales of Rs.6 crores, Variable cost Rs. 3.5 crores and Fixed cost of Rs. 0.65 crores. The firm has debt and equity resources worth of Rs.7 crores and 10 crores respectively. With the data given show : (i) The firm’s ROI. (ii) EBIT if sales decline to Rs.4 crores. (iii) If the industry’s assets turnover is 4 times, does the firm has high or low asset turnover? The cost of debt is 12%. Ignore taxation.
Audit 
