An item which may or may not be the liability of the company due to happening of certain event is…………

Related MCQs

• ------ is a liability which may or may not arise in future depending on happening of some uncertain future event.
• When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to
• ………..is the amount payable to the insured on the happening of event.
• Amount due to workman is rank with ……………….in the event of liquidation of the company.
• Which of the following is not shown on the liability side of a balance sheet of a company
• In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.
• The company in which the liability of members is liable to pay the agreed amount at the time of winding up is called as …………..
• Unclaimed dividend is shown on the liability side of the balance sheet of a company as -- -------
• The liability of shareholders of a company is ………………..
• That part of the capital which will be called up only in the event of winding up of the company is called ------- capital