Interested to Buy Any Domain ? << Click Here >> for more details...
What is the meaning of Contingent Liability? Where is it
shown in the Balance Sheet?
- 5 Answers
- 14414 Views
- Thomson, I also Faced
- E-Mail Answers
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 is difference between cash flow and funds flow?
Expand DPCO
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
what is the system of accounting and banking in cooperative bank?
why did rbi hiked repo and reverse ratio and how it will effect the market
A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
what are the types of provisions that you would make for the end of a financial year?explain
what are Blue-Chip companies?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
1. Fdr mature with interest
Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
EXPAND_________SDJMC
