A……………………..is the liability of uncertain timing and uncertain amount.

Related MCQs

• Adjustment of the carrying amount of an asset or liability or the consumption of an asset is defined as,
• Amount attributed to the asset or liability for tax purpose is called
• Total borrowings used for construction of an office building are Rs.30, 00000. Entity issued 8% debentures worth 10,00000 for this purpose and balance amount was utilized from its common pool including 10% bank loan of Rs.1000000 and 9.5% bank loan of Rs.1000000. What is the amount of borrowing cost to be capitalized?
• Carrying amount of an asset as on 1st April 2015 is Rs. 1500000 and depreciation for the year 2015 – 2016 is 15000. Fair value of the asset less cost of disposal as on 31 March 2016 is Rs. 120000. Which of the following is the carrying amount at 1st April 2106?
• Original cost at which asset or liability is acquired is known as ..
• …………. are the amount of income tax payable in future period for taxable temporary differences.
• When the recoverable amount of an asset is less than its carrying value in the statement of financial position, the asset is said to be
• ……….is the amount of income taxes payable on the taxable profit for a period, in accordance with rules established by the tax authorities
• Activities that result in changes in the size and composition of equity capital and borrowing of an entity are called
• ………………..is the process of determining the monetary amounts at which the elements of financial statements are recognized and carried in the financial statements.