what is contingent liabilty, how it shows in balance sheet?
- 5 Answers
- 7193 Views
- I also Faced
- E-Mail Answers
Answer Posted / krishnakishore
Contingent liability is a liability. The liability depands
upon the Future Judgement. Contingent liability amount
shows in Balance Sheet as Foot note.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Tell us what is the abbreviation for the accounting terms debit and credit?
i want to know f form and how to use and how can purchase
Tell me the stages of double entry system?
what is share application money pending allotment?
Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.
Explain me have you ever heard about tds, what it is?
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
Purchase and sales sahres accounting entry which have stt brokerage and other taxes
Do you know what is liabilities and what all does include in current liabilities?
i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.
What is cost accountancy?
Explain a time when you have not met your goal?
How you can adjust entries into account?
what are the limitations of accounting ratios?
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
