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
how to individual capital account.
What is accounting
under which accounting rule prepaid salary?
What are the basic assumptions in accounting?
cash credit taken from bank then what is the general entry?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
journal entry for goods withdrawn for personal use
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
How many invoices on average do you handle on a weekly/monthly basis?
why creditors a/c dr. to discount received a/c ?
1.recivable and payble 2.pf,tds,esi
GRIR is the clearing account so it the balance will be zero, so how it will impact with balance sheet and why we require to reconcile that account ?
What is the difference between Accruals and Provisions?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?