Accounts Manager Question:
Download Job Interview Questions and Answers PDF
Define Contingent Liability?
Answer:
Contingent Liability is the liability which may / may not occour in future... So, it is shown as notes rather then in balance sheet... Once, the liability become's real then it will recorded in books.
Download Accounts Manager Interview Questions And Answers
PDF
| Previous Question | Next Question |
| What are the various items fall in balance sheet? | Define an aging report in Accounting? |