Question
In the case of_____, either outflow of resources to
settle the obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliabilitySolution
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.
Identify the segment in the sentence that contains a grammatical error.
Leaving the room in a hurry, / he walked speedy/ to the office of his col...
Given below is a sentence with or without an error. The error, if any, is in one part of the sentence. Choose the correct part which contains the error...
In each of the questions, a sentence is divided into five parts A, B, C, D and E in which two of the parts have some grammatical errors in them. You ha...
Mapping nutrition components of public welfare-oriented (A)/ schemes is likely to help government and programme (B) managers monitor this measures bette...
Less of 10 per cent of (1)/ global climate finance and (2)/ only 1.2 per cent of humanitarian (3) /funding reaches local actors in cities.(4)
It is the ability to continuously (A) / refurbish and nuance all facets of his (B) / game that allows Roger Federer to outcompete (C) / and outlive much...
Identify the segment in the sentence, which contains the grammatical error.
Each student will have to carry his own lunch on the picnic.
In these questions some of the sentences have errors and some have none. Find out which part of a sentence has an error and indicate it corresponding t...
Find the correct sentence.
Each sentence given below has been divided into four options A, B, C, D one of which is erroneous. Identify the erroneous part and mark that option as y...
