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
What is the rate of penalty charged when the given Vat Cheque dishonoured?
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
How P/E ratio usefull to the different people?
What do you find most satisfying about this job?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
how to caluclate tds from emloyees and others
How to show Airticket Expense on Company's A/c as Company expense
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
when receieve cheque from a party and we deposite cheque in bank how do this entry
When we received payment from creditors
What is BRS Adjustment entry?
In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?
what is general accounting
wht is different between defered tax liablities and defered tax assets??????