An obligation which may or may not materialize is a/an _______________.

Related MCQs

• As per ………..it is the statutory obligation of companies to prepare their final accounts.
• ______________ represents a potential obligation that could be created depending on the outcome of an event.
• An item which may or may not be the liability of the company due to happening of certain event is…………
• Which of the following statements is/are true? (i) An error in casting the subsidiary books is an error of commission (ii) An error in wrong casting of the sales day book will not affect the personal accounts of debtors (iii) Mistake in transferring the balance of an account to the Trial Balance will not affect the agreement of the Trial Balance (iv) The mistake of treating a liability as an income or vice versa will not affect the agreement of a Trial Balance
• Businessmen may intentionally not maintain proper accounts
• The software may also allow for graphical rendering of data, which is useful for carrying out analysis. Sol:
• Which of the following is not a not-for-profit organisation: Sol:
• Which of the following is not a not-for-profit organisation ? Sol:
• Buy Back must expenses may be treated as_________________
• Premium received on issue of debentures may be utilised for