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Contingent liabilities

Accountancy

Is contingent liabilities shown in financial statements??

Aditya A.D

CA Foundation

★ 10K+

08-Jul-21 16:17

479

Answers (9)

Best Answer

You will learn what type of contingent liabilities are disclosed in financial statements in AS 29 in ca inter

Sriram Somayajula

Admin

08-Jul-21 16:30

Sriram Somayajula Admin

You will learn what type of contingent liabilities are disclosed in financial statements in AS 29 in ca inter

Okay sir. Thx

Thread Starter

Aditya A.D

CA Foundation

★ 10K+

08-Jul-21 16:38

Sriram Somayajula Admin

You will learn what type of contingent liabilities are disclosed in financial statements in AS 29 in ca inter

Good will

Rakshith Belkeri

CA Foundation

★ 0

08-Jul-21 19:35

Rakshith Belkeri

Good will

Goodwill is not a contingent liability - it is an intangible asset - you will learn about it in AS 26

Sriram Somayajula

Admin

08-Jul-21 19:56

Sriram Somayajula Admin

Goodwill is not a contingent liability - it is an intangible asset - you will learn about it in AS 26

Answer?

Rakshith Belkeri

CA Foundation

★ 0

09-Jul-21 18:35

Rakshith Belkeri

Answer?

What is the question "Good Will? " is an incomprehensible question

Sriram Somayajula

Admin

09-Jul-21 18:36

Sriram Somayajula Admin

You will learn what type of contingent liabilities are disclosed in financial statements in AS 29 in ca inter

Answer

Rakshith Belkeri

CA Foundation

★ 0

09-Jul-21 18:37

Rakshith Belkeri

Answer

Reputation the organization has build over time which helps them to generate super profit ie additional profit over normal profit

Abhishek Purohit

CA Inter

★ 10K+

09-Jul-21 22:12

Abhishek Purohit

Reputation the organization has build over time which helps them to generate super profit ie additional profit over normal profit

Thanks

Rakshith Belkeri

CA Foundation

★ 0

10-Jul-21 08:59