what is contingent liabilty, how it shows in balance sheet?
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
What are the major components of country's trade account?
What is a comprehensive income?
total assets are equal to total liabilities in final accounts ?why?
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
all ques. related to accounts?
Explain an example of a tough decision you had to make quickly?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
audit under section and penalty under saction scurtiny under saction
What do you mean by material facts in accounting?
1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,
What is the diffrent job&project accounting?
Is it compulsary to give TOEFL for applying US visa.
Define "book value" as applied to accounting
wht is different between defered tax liablities and defered tax assets??????
Define social responsibility accounting