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...

hi this is priya. what is contigant liability and where we
can take it in balance sheet i mean under which head

Answer Posted / manikantan.s

A contingent liability is a potential obligation that may be incurred depending on the outcome of a future event.
A contingent liability is one where the outcome of an existing situation is uncertain, and this uncertainty will be resolved by a future event

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the steps used in UAT in Oracle Apps?

1798


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

2050


company accounts introduction?

2672


What is the working formula for Inventory turnover

2024


1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??

2071


in a every intervew asking one common question why you are living current employer, which is the best answer

3023


My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

2072


what is exercise duty how to calculate that and how to update in tally

2332


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1748


a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

2065


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

2439


HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?

1996


company's total overhead expense is containing which are the expenses? Definition of overhead expense.

2033


what is a depository?

2781


what is the difference between f.f.s and c.f.s?

2700