Contingent Liability

by Gautam
(Bangalore, India)

Q: What do you mean by contingent liability?

Comments for Contingent Liability

Click here to add your own comments

contingency liabilty
by: Abdulkareem

A contingency liability is an unforseen liability which is likely to occur.

by: Anonymous

Contingent liability is the liability which is not actual at present but might occur in future.

Click here to add your own comments

Return to Ask a Question About This Lesson!.

Enjoying this Website?
Help Support it with a Donation


Advertise on

privacy policy

Related pages

difference between accumulated depreciation and depreciation expensecogs equationcash discount in accountingwhat is the difference between creditors and debtorshow to calculate manufacturing overhead applied to work in processjournal of accountacywhat is the formula for calculating gross profitaccrual accounting journal entriesprojected income statement definitionformula of accounting equationlifo inventory method examplewhat is residual claimmeaning of sundries in accountingmeaning of cash discountthe last step in the accounting cycle is toare supplies a current assetanother word for creditorstaff accounting adalahaccounting journal entries examples pdfcheap used textbooks for collegesubtract vatcosts of goods manufactured scheduleexamples of accounting conceptsledger posting in accountingvat calculator 20 percentformula for cost of good soldpartnership accounting for dummiesdef of accountingpass journal entries for the following transactionst accounts journal entriestrial balance of manufacturing companyaccounts receivable accrualhow to calculate closing stock without gross profitmeaning of sundries in accountingexample of a trial balance worksheetlifo fifo examplescorrect sequence of accounting proceduresfifo accountantsdefine accrued incomebakery inventory spreadsheetdiscount received journal entryis cost of goods sold a variable costdifference between debtors and creditorshow to calculate vat south africaaccounts receperiodic inventory systemsdefine bad debtssamples of cash flow statementsaccumulated depreciation appears on thesofp accountingcollege accounting 11th editionaccounting basics tutorialcost of ending inventorycash flow schedule templatecogs costsundry debtors in accountingaccruals payableaccount payable journal entrycomputation of value added taxlifo inventory method examplemeaning of the word debitvat formula in exceltally sample questionsfifo stock salessample cashflow statementexamples of cash outflowsexample of accrued expensecredit memo accounting entryformula for direct materials usedproduction overhead formulacarriage inwardsaccounting cycle exampleaccounts synonymaccountancy salariesmarkup pricing formulajournal entry for accrued expensesinventory valuation methodsjournal entry for vatfifo method ending inventoryvertical profit and loss account format in excelaccounts and ledgers