Accountancy, asked by s1154911cujjwal04184, 3 months ago

name the concept if the amount of any known liability cannot be determined accurately

Answers

Answered by Sanvi1311

24

Answer:

Contingent liability.

If the amount of any known liability cannot be determined with substantial accuracy: A Contingent liability should be created.

Hope itz help uhh dear ✳️✳️

Previous Question

Next Question

Similar questions

History, 1 month ago

Arrange the following in the correct sequence (i) Reign of terror (ii) Convention (iii) National Assembly (iv) Louis XVl A. i-iv-iii-ii B. iii-iv-i-ii C. iv-iii-i-ii D. iii-iv-ii-i...

Math, 1 month ago

5x is one team this is also referred to as a...

Business Studies, 1 month ago

what are the key barriers for firms to break the cycle of failure and move into the cycle of success ? how should an organization trapped in the cycle of mediocrity proceed?

India Languages, 3 months ago

class 6 sanskrit ch 11 saar...

English, 3 months ago

back. A. Fill in the blanks using simple past tense forms of the verbs: 1. She_Weared the frock for me before I Comune 2. The honest manager to give money 3. We the meeting with our group. 4. to the people kindly. 5. She the food well. 6. They to meet him yesterday. 7. She_wone a sari. 8. She to the market to buy fruits. He ...

English, 9 months ago

You need to get with the program which type of sentence is it...

Math, 9 months ago

(-7 + 4 root 7 -3 root 7 ) is...

English, 9 months ago

Summary on the sound of music class 9 part 1...