Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What do you mean by contingent liability?

Answer Posted / barodianbuddy(acca)

A POSSIBLE OBLIGATION THAT ARISES FROM PAST EVENTS AND WHOSE EXISTENCE WILL BE CONFIRMED ONLY BY OCCURRENCE & NON OCCURRENCE OF ONE OR MORE UNCERTAIN EVENTS. EG. UNCERTAIN EVENT, PENDING LEGAL DECISION.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain what does the standard journal entry includes?

1076


Tell me what is project implementation?

1055


What are its characteristic features of financial accounting?

1285


goods worth rupees 440 distributes free among the poor?

2136


WHAT ARE THE MOST ELEMENTS OF YOUR JOB?

1968


Is an "account receivable" and "goodwill" real accounts in accounting?

1021


I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

2368


how to enter the tender refund amount in tally ?

3927


What is debit and credit note?

1205


Explain things that fall under intangible asset?

1120


I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

2130


what is turn over? what is vat? what should ido to become a expert in acount? plese ans me

2298


List out things that fall under intangible asset?

1072


why we multiply no. of purchasing year with average profit

2059


What are the different fields of accounting?

1093