Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What do you mean by contingent liability?

Answer Posted / jubeda

CONTINGENT LIABILITY IS THAT IT IS TO BE PAID OR NOT IN
FUTURE ITMEANS IT MAY ARISE/N

Is This Answer Correct ?    9 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is accounting cycle ?

5395


Tell me what are the three factors that can affect your cash flow and business profitability?

980


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3692


shares convert into share capital what is the journal entry? how many ledgers need to create?

1995


Do you possess any knowledge about accounting standards?

1020


Tell us do you have any professional experience of this field?

970


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

1340


Apportionment of expenses

2188


Define offset accounting?

1009


What is accounting chart of accounts?

1058


What is trial balance? What does an accurate trial balance suggest?

1011


What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

4587


How do you maintain accounting accuracy?

1055


What are a debit note and credit note with an example?

1019


What is the important of computerized accounting to manual?

1086