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 of the following is true?   Â
If A is related to Chemistry and C is related to Quant in a certain way. Then, E is related to which of the following?
How many boxes are kept between box N and the box which contains Dates?
How many persons between I and the one who joined company in November 23?
Seven persons R, S, T, U, V, W and X, live in a seven-storey building, but not necessarily in the same order. S lives two floors above X. X lives on an ...
Who lives in the same flat of T?
Who among the following lives immediate above the vacant flat?
How many boxes are there between Box D and Box G?
Who among the following lives at floor number 5?
Which one of the following combinations is correct?