What is Contingent Liability?
Answer Posted / c.r.s yogesh babu
It is a Liability May or May not happen in mere future.
Example: Letter of Credit
| Is This Answer Correct ? | 15 Yes | 2 No |
Post New Answer View All Answers
Tell us did you use accounting applications at your previous companies or prefer working manually?
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
How to pass journal entry of gifts purchased for employee by using campany ATM card
Define retail banking?
what is one way , two way matching , three way , four way matching ?
Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
I got a transaction of Online Recruitment Charges, So What is the Ledger to Create?
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
Do you know overhead in terms of accounting?
What is the difference between General Ledger and Ledger?
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
can i material bill book in miro without vat on transport charges ?
How do you prepare a balance sheet from a trial balance?
what is the right process for input credit of Service tax. and on which service i can take credit.