DWQA Questions

 contingent liabilities(a)claims against the company not acknowledged as debts(b)other money for which the company is contingently liable. sir yeh 2 point similar lag rhe hey..plz give me different. nd commitment me 1 estimated amount of contracts remaining to be executed on capital account and not provided for. .2..uncalled liability on shares and other investments partly paid…plz sir explain
ANSWERED answered May 8, 2017     Category:
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 sir in A.S 29 me , commitment shall be classified as :(a) estimated amount of contracts remaining to be executed on capital account and not provided for.(b) uncalled liability on shares anf other investments party paid . (c) other commitments(specify nature). I m not understand this 3 point ..sir plz give me ans with example. exactly question – write a short note on " contigent liability"
RESOLVED answered April 21, 2017     Category:
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