Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / abhinandan singh rajput
Contingent liability means the liability which arise or may
it not be arise in the financial year.there was no gurantee
to come in the financial year it may arise or not its
called contingent liability.
for e.g.Past outstanding bill
claims
bill etc.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Why is accuracy important in accounting?
Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!
Horizontal balance sheet versus Vertical balance sheet
Explain me do you think accounting standards are mandatory and why?
When Tds is applicable to deduct and wht is rate for different work panel?
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
pls let me know double entry of 'LEASING"
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
Explain me what is general ledger account?
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance
Differentiate accounting and auditing?
are tpt, freight & packing charges part of sales & purchase ??
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
Explain me have you ever heard about tds, what it is?
