Question
A company records a contingent liability for a pending
lawsuit. As per accounting standards, which of the following is true about how it should be reflected in the financial statements?Solution
Contingent liabilities are not recognized in the books unless probable and measurable, but are disclosed in notes if possible (as per AS 29 or Ind AS 37).
The action to remove food from the market at any stage of the food chain, including that possessed by consumers is called:
Which of the following is INCORRECT regarding hand washing facilities required under Good Manufacturing Practices?
The phenomenon slickenside is found in
Which one of the following statements is INCORRECT with regard to soaking dehusked pulses in water and discarding it before cooking?
What percentage of drone cost can be availed as grant-in-aid by agricultural graduates setting up CHCs under Kisan Drones program?
Which soil has high water holding capacity with poor drainage
Cauliflorous bearing habit i.e fruits are borne on trunk and branches, is found in which horticultural crop?
The daily dietary nutrient intake level that is sufficient to meet the nutrient requirements of nearly all healthy individuals is called:
In Physalis minima, modified papery calyx called _____ that encloses the fruit loosely with entrapped air is found which aids in seed dispersal.
How much boron concentration (mg/kg) is unsafe for plant growth?
