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 is contingent liabillity ?

Answer Posted / deepak singh

contingent liabilities means possible obligation or present obligation which cann't be measured.
Present obligation means whose occurance is 'more likely than not'.
Possible obligation means other than present obligation.

Is This Answer Correct ?    0 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what do we mean by purchase return in accounting?

1081


what is addition of Opening Balance and net profit transfered from profit and loss account called

1883


How to pass an general entry for materials which are stored in warehouses??????

2235


In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

2177


Is it mandatory for the employees staff of a School, if so give details

2052


what are doucement required under registration of properity firm. give the answer breif

1954


What is accounting ethics?

1009


What is the provision?

1078


what is the difference between accounting and bookkeeping?

974


Where a cash discount should be recorded in a journal entry?

1023


WHAT ARE THE DIFFICULT ELEMENT OFF JOB

2104


What does the abbreviation dr mean in accounting?

1062


hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much

1875


What does the standard journal entry includes?

989


what is miscellaneous expenditure??

5679