Interested to Buy Any Domain ? << Click Here >> for more details...
hi this is priya. what is contigant liability and where we
can take it in balance sheet i mean under which head
- 4 Answers
- 7085 Views
- I also Faced
- E-Mail Answers
Answer Posted / sakthivel.s
Hi priya & Madhu this is sakthi.
In my personal point of view contigent liability is the
liability which may or may not occur.
To be more clear on this one your are giving bank surity to
your friend, it will be reflect in your books as contigent
liability. if your firend repays the bank loan without any
defaults then that liability will not affect you. If he
fails to repay the amount you are the one suppose to repay
that loan. So at that point of time that loan will be
liability for you. This liability is said to be as
contigent liability.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What type of question generally asked in Brokerage Firm ?
what is tds rate of WCT applay for sale tax ragistard company.
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com
am attend to bank exam(iob)pls send model questions
Expand----------MTSC
Expand--------AA
Have you worked with other on team endeavors
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
whst is detailed information aboutaccounting standards 20to 29
What are Corporate Action?
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
what is Exposure ?
How to increase our credit rating score quickly?
