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Contingent Liabilities are not the present liabilities therefore they should not be disclosed as a Balance Sheet Item which shows the Assets and Liabilities as on date. These liabilities become proper liabilities only on the happening of an uncertain future event therefore comes under Notes to accounts.
Six friends J, K, L, M ,N and O are sitting around a circular table facing the center. Who sits second to the left of N?
I. K and O sit opposite ...
Who among the following sits fourth to the right of E’s sister?
Six people, A, B, C, D, E, and F, went for exam, on different days from Sunday to Friday, of the same week. How many persons went after B?
Statem...
Who among P, Q, R, S and T is tallest?
I. S is taller than only 2 people and R is taller than P.
II. P is not shorter than S.
How is A related to B?
I C has only two kids A & B and is father-in-law of D who is brother-in-law of B
II R is brother-in-law of A ...
How many students are there in class 10 in the school X?
I. The class teacher of class 10 correctly remembers that the number of students in he...
Seven persons A, B, Y, Z, M, N and G sit around a circular table facing towards the centre. Who sits immediate right of N?
Statement I: G sits ...
Three mangoes M1, M2, and M3 are shared by five persons A, B, C, D and E. A shares mango with E. Mango M2 is shared with C, who shares it with D but not...
Six persons F, G, H, I, J and K are sitting in a row facing north. Who among the following sits at the extreme left end?
Statement I. K sits t...
Six persons, Adolf, Bailey, Caesar, Dalton, Easton and Fabio are sitting around a circle facing outside the centre. What is the position of Bailey with...