Short Answer on _______Contingent Liability

Answer Posted / ganapathi raman

Contingent liability is a liability that arises due to the happening of a future event.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1562


what is futures and options?

1671


With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

1963


Questions on Purchase Book & sales Book .Balance sheet , Purchase & Sales Return

1938


A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in

1530






How can retify the errors in the trial balance

1735


i have need full detail of tds rules and forms submitted dovetails

1582


what are the type of cash flows?

2296


business sepsarate entity concepts

1432


What is Acquisition?

2044


INTE3RNATIONAL ACCOUNTING STD

1805


What is meant by retiring Bill

1526


MMT and MID payment how post in tally

982


Who is called consignor

1501


are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?

2003