whatis meant by contigent liability
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 |
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
what is direct tax or inderect tax? all uses form with fill up full?
Expand AOP?
what is capital budgeting and techniques of capital budgeting.
9 Answers Infosys, Suzuki, Wipro,
EXPAND______________OECD
What is meant by consignment
Expand---------MRB
Expand-------MTRS
where can i get APGENCO jr Accounts officer test question paper
1 Answers APGenco, apspdcl, JAO,
What Question ask in MARKIT Company?
what is difference between private firm and partnership firm?
golden rules of accounting? how bank earn profit?