What do you mean by contingent liability?
Answer Posted / shraddha desai
Contingent liability is libility which may or may not occur
in future
| Is This Answer Correct ? | 13 Yes | 0 No |
Post New Answer View All Answers
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
What is batch input? why we use batch input session in SAP(FICO)?
Tell me what is an over accrual?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
Explain what are the accounting events that are frequently involved in compound entries?
Explain me what do you think is bank reconciliation statement?
What is account payee cheque? Expand ctc cheque?
Difference between depreciation according to cost principle and matching principle
a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do
What is the disadvantage of double entry system?
journal entries for money received from RBI by the banks IN CASE OF INSUFFICIENCY
Tell us how can you define departmental accounting?
Explain the term account payable?