What is contingent event?

Answer Posted / nupur jain

A contingent event is a future event which is epected to
happen. Generally it is a conservative way of thought. An
event which might happen in future and that might be the cause
of a irregular and non-recurring expense for the company

Is This Answer Correct ?    9 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

1797


Short Answer on _________Financial accounting

1515


Being BE student why you want to join bank?

1981


how to download online - old ECR CHALLANS

4555


what are valuation accounts?

1682






My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

1725


How will be prepare invoice in tally, please tell me step by step

2465


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2541


Total numbers of companies listed on stock Exchange?

2176


How can we display last five years sales in tally

1637


What's the meaning of Preferential Creditor?

1768


The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate

2145


sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method

2024


Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2269


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

1654