An item which may or may not be the liability of the company due to ha – McqOptions

MCQOPTIONS

1.	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 Liabilit
D.	None of these
Answer» D. None of these

Discussion

No Comment Found

Related MCQs

The long term assets that have no physical existence but, possess a value is known as,
The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,
When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as
When one of the existing companies take over business of another company or companies, it is known as
In case of .............., one existing company takes over the business of another company and no new company is formed
Hitesh Ltd. s purchase consideration is Rs.12,345 and Net Assets Rs.3,568, then...........
Which type of asset class includes those assets which have only definite use and become valueless when the yield is over?
When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................
When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................
Repeating the same results without any variations irrespective of the number of times the program is run is known as