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
Select the correct indirect/direct speech for the given sentenceÂ
My uncle said to me, “go and tell your problem to mother.”
Change the given sentence into direct/indirect speech-
The teacher said, “Sit down, boys.”
He glanced at his watch, "And by the way, I must be off."
Select the most appropriate indirect/direct form of the given sentence.
She promised, “I will call you tomorrow.”
The dealer will service the scooter for free the first three times.
Sonia says, “I love the monsoons.”Â
Change the following into indirect speech
He said to Ramesh, “Lend me your physics book”.
Choose the option that is the indirect form of the sentence.
“Have you got a blue scarf”? the customer asked the assistant.
Mahesh asked Rita what was her favourite dish.
Select the most appropriate indirect/direct form of the given sentence.
Neelu said to her friends, “let us play the game .
