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.
In Aonla, intervarietal plantation is done due to
Which of the following green manure crop shows stem nodulation?
The scientific name of grass carp is…………………………..
What is the purpose of outward sloping bench terraces?
In ____________ type of DNA replication, of the two newly formed molecules, one is purely a new one and the other is an old one
Which chemical is commonly used for delinting cotton seeds before sowing?
Electrical resistance block is based on _______
Under which condition the hybrid seeds produced should be compulsorily subjected to grow out test for grant of certificate?
Upon arrival of the food consignment for import, the importer shall file:
What is the required conversion period for an organic farm to be certified?
