Question
Contingent Liabilities should be reflected by a business
organization as the possible future obligations. In which of the following statements are Contingent liabilities shown?ÂSolution
Contingent Liabilities are not the present liabilities therefore they should not be disclosed as a Balance Sheet Item which shows the Assets and Liabilities as on date. These liabilities become proper liabilities only on the happening of an uncertain future event therefore comes under Notes to accounts.Â
Which substance is commonly used as a thermometric material in thermometers due to its expansive properties under temperature changes?
Identify the strong acid from the list below:
Which polymer is primarily used in making pipes and cable coatings?
The chemical name of the Vitamin B6 isÂ
Which of the following elements is a noble gas?
What are antibiotics?
How many electrons are involved in the oxidation by KMnO4 in basic medium
Which gas is most abundant in the Earth's atmosphere.
The mine explosions are mostly caused by the combination of air with which gas?
Which of the following is NOT a d-block element?Â
