In the case of_____, either outflow of resources to settle the obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability
Contingent liabilities are potential obligations that may arise from past events and their existence is uncertain, depending on the occurrence or non-occurrence of one or more future events not within the control of the entity. When the outflow of resources to settle the obligation is not probable, or the amount cannot be measured with sufficient reliability, the entity recognizes a disclosure in its financial statements in the form of a note or footnote. This disclosure informs the users of the financial statements about the potential liability and the possible impact on the entity's financial position and performance.
Had R. Ashwin not played the match in which he got the highest score. Then his batting average would have been?
What is the number of female workers in company P in 2019 and 2021 together?
What is the difference between the average number of students of school A and B together and the average number of teachers of school C and D together?
Find the average number of NIVEA moisturizers sold on Monday and Tuesday together.
If average number of Puma T-shirts sold on Monday, Tuesday, Wednesday and Saturday is 120 and respective ratio of Levis and Puma T-shirts sold on Saturd...
Number of bags sold by A is what percentage more than the number of bags sold by B?
If the number of laptops sold by shop F is 50% of the total number of laptops sold by shop B and the number of laptops sold by shop G is 3/4th of the t...
If the ratio of number of Natraj pencil to that of Apsara pencil sold on Monday and Friday is 2:3 and 3:1 respectively, then find the total number of Na...
Number of article sold by A on Friday is what percent of total number of article sold by D on all the days?
Find the ratio of the total males in Delhi and Chandigarh together to the total number of females in the same cities together.