Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Accounting Treatment for Contingent Liability ?
- 3 Answers
- 12218 Views
- I also Faced
- E-Mail Answers
Answer Posted / naresh_l
Contingent Liability is not an actual liability therefore it
is not recorded in b/s. they appear as a footnote to b/s.
| Is This Answer Correct ? | 31 Yes | 12 No |
Post New Answer View All Answers
what are the seven accounting rules
What is the difference between income statement & Profit&loss A/c?
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
explain about mergers & aquisitions? asked on 30/7/09
What problems might be encountered if there were no accounting standards?
What is corporate restructuring?
define drawer or maker
I want to know with example of vat & Salestax
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
what is the meaning of input vat & out put vat?
What do you mean Business
How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
Depreciation method to using Indian company names
What is the procedure to take loan
