What is the meaning of Contingent Liability? Where is it
shown in the Balance Sheet?
Answer Posted / manojs
it is a liabilty which may or may not arise in case of any
event or contigency
it is shown as a foot notes in the balance sheet
| Is This Answer Correct ? | 24 Yes | 3 No |
Post New Answer View All Answers
What exactly balance sheet depicts
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
Expand CASA
Mention some of the major contributions made by you in your present and previous jobs
How to answer for the question, tell me about ur project? I mean in which format can i say?
Expand---------OTMD
How do we return the loan in equal installments with interest in tally
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Short Answer on ___________Finance Bill
what are micro-cap, small-cap, mid-cap, large-cap companies?
company accounts introduction?
who introduces the single entry format?
What is the procedure to become charted accountant in India now. Please answer this is urgent
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year