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
What is mis report , how to prepare mis report for general ledger?
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
How the Depreciation will calculate in Company?
Tell us in accounting, how do you define premises?
when receieve cheque from a party and we deposite cheque in bank how do this entry
Define scrap value in accounting?
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
what is gl a/c? & why is it maintain
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
What is an accounting loss?
can we change date in tally.erp s/w in educational mode ?
Tell me how you can adjust entries into account?
if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system
what is the manual procedure for accounting