Interested to Buy Any Domain ? << Click Here >> for more details...
kindly given the example of contingent liabilities.
- 1 Answers
- 6431 Views
- Harsha Toyota, I also Faced
- E-Mail Answers
Answer Posted / y.seshamurthy
The Term Contingent Liability Refers to The obligatory to
pay to liability may or may not arise. The best example is
bank guarantee issued to some third parties towards
fulfilment of some contractual obligations, if the contract
obligation is met the company has no liability to pay to
damages otherwise it has to pay the damages.
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
wHAT ARE EVENTS
What is Trade Recovery Estimate and how can we calculate it?
Can I check my Vantage credit score range online?
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
EXPAND___________NBFCS
what is dieerence between capital cpapital structure
what is the procedure for issuing th C form
What is the difference between Deffered Tax Assets & Deffered Tax Liabilities
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
who is the pramotar?
Explain significance of Nastro and Vastro in accounts?
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
What's the meaning of Preferential Creditor?
What si the differance between REVENUE and PROFIT?
