Interested to Buy Any Domain ? << Click Here >> for more details...
What is the meaning of Contingent Liability? Where is it
shown in the Balance Sheet?
- 5 Answers
- 14688 Views
- Thomson, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manojs
it is a liabilty which may or may not arise in case of any
event or contigency
it is shown as a foot notes in the balance sheet
| Is This Answer Correct ? | 24 Yes | 3 No |
Answer / muhammed noushad
Contingent liability we are shown this in the liability
side under the head of contingent liabiliteis its the type
of liability which is emideate create.we are only show it
in the balance sheet it doe's not show any effect on
balance sheet total.
it is a liabilty which may or may not arise in case of any
event or contigency
it is shown as a foot notes in the balance sheet
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / sukanya reddy
contingent liabilities are those liabilities which may or
may not happen. they are contingent or dependant on future
event, which may or may not happen. example is lawsuit or a
legal proceeding. They are not reported as a liability in
the balance sheet. if it is significant it will be reported
into the notes to accounts in the financial statements.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ajay kumar
Contingent Liability to be shown in the balance sheet on the
liability side that is one of the liability in the company
| Is This Answer Correct ? | 14 Yes | 19 No |
Answer / raman kumar
Contingent liability we are shown this in the liability
side under the head of contingent liabiliteis its the type
of liability which is emideate create.we are only show it
in the balance sheet it doe's not show any effect on
balance sheet total.
| Is This Answer Correct ? | 11 Yes | 17 No |
Who is called consignor
what is book profit
what is mean by leverage ratio?
explain the financialand economic meaning of investment?
how u find ou the closing stock
What is the difference between Risk, Threat & Hazard?
hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
0 Answers State Bank Of India SBI,
Expand A V C
What is Goods Receipt Note? and its current format
12 Answers DelCor, Mayuka Labs, Price Waterhouse Coopers,
what is the fullform of ADN?
what mean rtgs & nfts
WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?
Audit 
