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

Related MCQs

• . ………..is the amount payable to the insured on the happening of event.
• 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
• 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 …………..
• The Liability of the members of a limited company is…
• The liability of shareholders of a company is ………………..
• An increase in one liability may lead to
• Which of the following is not a contingent liability?
• Which of the following is not a contingent liability?
• The balance as per bank statement of a company is `12,000 (Dr.). The company deposited two cheques worth `9,500, out of which one cheque for `2,300 was dishonoured which was not entered in the cash book. The credit balance as per cash book is