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Contingent liabilities should be recorded in the accounts
when
A) It is probable that the future event will occur
B) The amount of the liability can be reasonably estimated
C) Both A&B
D) Either A or B

Question Posted / sathish

Answers were Sorted based on User's Feedback



Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / sravan kumar

C answer

Is This Answer Correct ?    30 Yes 1 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / srujanrao

ans>c

Is This Answer Correct ?    7 Yes 0 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / balu

the amount of the liability cane be reasonably estimated

Is This Answer Correct ?    11 Yes 12 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / swetha

A

Is This Answer Correct ?    3 Yes 5 No

Contingent liabilities should be recorded in the accounts when A) It is probable that the futur..

Answer / ramana

b

Is This Answer Correct ?    0 Yes 3 No

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