An item which may or may not be the liability of the company due to happening of certain event is…………
A) Current Liability
B) Fixed Liability
C) Contingent Liability
D) None of these
Correct Answer:
Verified
Q4: The Balance sheet of Companies are prepare
Q5: The dividend declared between two annual general
Q6: The dividend recommended by the Board of
Q7: Unclaimed dividend is shown in the balance
Q8: . ……..is a charge against profit of
Q10: Advance tax paid is shown in the
Q11: Preliminary expenses not written off are shown
Q12: Which of the following is not a
Q13: Realisation Account is a …………..
A)Real Account
B)Personal Account
C)Nominal
Q14: Trade liabilities include ………..
A)Creditors
B)Debentures
C)Bank overdraft
D)All of these
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