Answer Posted / pravin kale

Contingent liabilities are liabilities that may or may not
be incurred by an entity depending on the outcome of a
future event such as a court case. These liabilities are
recorded in a company's accounts and shown in the balance
sheet when both probable and reasonably estimable. A
footnote to the balance sheet describes the nature and
extent of the contingent liabilities. The likelihood of
loss is described as probable, reasonably possible, or
remote. The ability to estimate a loss is described as
known, reasonably estimable, or not reasonably estimable.

deffered tax treatment in financial statements

2163

---

Took goods from the shop for use at home. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1884

---

Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?

2005

---

Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

1988

---

How can I explain p2p process in SAP?

3223

---

paid two years rent N1200, bought Motor van for cash N3000

1992

---

how there prepare bank interview

2125

---

Short Answer on -----Trade mark

1892

---

Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - virupaksha_krt@rediffmail.com

2046

---

What is Budgeted capital ?

1979

---

what is Exposure ?

1967

---

What is meant by advance ruling? What is the scheme of advance rulings?

2005

---

What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations

2015

---

what is joint venture?

2094

---

how to make a project accounting in tally erp9 ?

6803

---