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Contingent Assets

Excellent commerce point > Contingent Assets
Accounting Policies
26
May

Accounting Policies – CA Foundation Accounts Question 1.What do you mean by Accounting policies? What are the basis of their selection? What are the different areas in which different accounting policies are possible?Answer:Meaning of Accounting Policy:→ The accounting policies refers to the specific accounting principles and the methods of applying those principles → Adopted by […]

Posted in: ca foundation notes ,
Tags: Accountancy , Accounting Basics , Accounting MCQs , CA Accounting , CA Exam Prep , CA Foundation 2025 , CA Foundation Accounts , Commerce Students , Contingent Assets , Contingent Liabilities , ecpgurgaon , Financial Statements , Study With ECP ,
Contingent Assets and Contingent Liabilities
26
May

Contingent Assets and Contingent Liabilities – CA Foundation Accounts Question 1.Contingent liability.Answer:Contingent liability:(a) A contingent liability is a possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the enterprise. Possible […]

Posted in: ca foundation notes ,
Tags: Accountancy , Accounting Basics , Accounting Concepts , Accounting MCQs , CA Accounting , CA Exam Prep , CA Foundation 2025 , CA Foundation Accounts , Commerce Education , Commerce Students , Contingent Assets , Contingent Liabilities , Financial Statements , Study With ECP ,