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Contingent liabilities are potential obligations that may arise from past events and their existence is uncertain, depending on the occurrence or non-occurrence of one or more future events not within the control of the entity. When the outflow of resources to settle the obligation is not probable, or the amount cannot be measured with sufficient reliability, the entity recognizes a disclosure in its financial statements in the form of a note or footnote. This disclosure informs the users of the financial statements about the potential liability and the possible impact on the entity's financial position and performance.
The S.I. unit of the electric flux is
Which physical property causes raindrops to form spherical shapes?
S.I unit of Luminous Intensity is
The amplitude of the sound wave depends on the
Lambert's law is related to–
What component is traditionally used to regulate the speed of a ceiling fan?
What conditions must be met for stationary waves to form?
The splitting up of white light into seven colours on passing through a glass prism is called as
Temperature of the Sun is measured by___________
A simple microscope consists of :