Question
Contingent liabilities are recorded
in:Solution
Contingent liabilities are potential liabilities that may or may not occur, depending on the outcome of a future event. These liabilities are not recorded on the balance sheet as they are not certain or definite, but they are disclosed in the notes to accounts section to provide relevant information to the stakeholders of the company.
In the question below, a sentence is given, four words have been highlighted in bold. Find out if the words are appropriate (grammatically and context...
Accumulated
Select the most appropriate antonym of the given word.
MINISCULE
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(i) He was cognizant of the peculiarities of the case.
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(iii) T...
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In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE.
(A...
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