------ is a liability which may or may not arise in future depending on happening of some uncertain future event.

Related MCQs

• An item which may or may not be the liability of the company due to happening of certain event is…………
• ………..is the amount payable to the insured on the happening of event.
• When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to
• Depreciation arise because of………………………..
• Which of the following is not shown on the liability side of a balance sheet of a company
• The company in which the liability of members is liable to pay the agreed amount at the time of winding up is called as …………..
• A liability which can be measured only by using a substantial degree of estimation is called……………………….
• Unclaimed dividend is shown on the liability side of the balance sheet of a company as -- -------
• The liability of shareholders of a company is ………………..
• Capital reserve will appear on the liability side of the balance sheet under the head ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.