GeekInterview.com
  I am new, Sign me up!
 
GeekInterview.com  >  Interview Questions  >  Accounting  >  Accounting Reports
Go To First  |  Previous Question  |  Next Question 
 Accounting Reports  |  Question 12 of 14    Print  
Contingent Liability
Why are contingent liabilities ever recorded—why not just wait until a lawsuit is settled? What accounting concepts apply to this situation?


  
Total Answers and Comments: 1 Last Update: June 23, 2009     Asked by: sweets4u 
  
 Sponsored Links

 
 Best Rated Answer

No best answer available. Please pick the good answer available or submit your answer.
June 22, 2009 22:15:05   #1  
seemasingh Member Since: June 2009   Contribution: 1    

RE: Contingent Liability
Any enterprises should be disclosed present obligation arising out of event but not recgnised as provision.
 
Is this answer useful? Yes | NoAnswer is useful 0   Answer is not useful 3Overall Rating: -3    

 Related Questions

Why are contingent liabilities ever recorded—why not just wait until a lawsuit is settled? What accounting concepts apply to this situation?  
Latest Answer : Any enterprises should be disclosed present obligation arising out of event but not recgnised as provision. ...
Read Answers (1) | Asked by : sweets4u


 Sponsored Links

 
Related Articles

The Interview Snafu

How to turn someone else’s mistake to your advantage Your dream job is about to become reality. A recruiter gave you the heads up about the perfect position at Humungous Conglomerate, Inc. You went through five interviews as well as a battery of psychological tests mandated by their HR de
 

Winning a Job Interview with a Winning Resume

Does your resume unlock your potential, take your skills to the highest level and win you the interview and the job you want now? The job market today is highly competitive and even if you think you have what it takes to get an interview you won’t get over the line without a polished, prof
 

Importance of Proper English during Job Interview

Importance of Proper English during Job Interview Your job interview is crucially important and it will determine whether or not you will get the job Depending on the type of job you re going for it is very important for you to use proper English In most cases jobs which offer higher salaries will h
 

HR Interview - HR Interview Mistakes You Will Want To Avoid

HR Interview Mistakes You Will Want To Avoid The job interview can be a stressful process This is especially true for those who are going after a competitive position Your nonverbal communication combined with the answers you give during the interview will determine if you are hired mosgoogle While
 

HR Interview - Behavioral HR Interviews

Behavioral HR Interviews As the name implies a behavioral interview is an interview that is held by a human resources department to determine if an applicant has the behaviors that are appropriate for a job The company must know how an applicant will behave in a certain situations mosgoogle The logi
 

HR Interview - How To Prepare For Your HR Interview

How To Prepare For Your HR Interview Before you begin thinking about how you are going to dress for the interview it is important to do your research first You should learn everything you can about the company you wish to work for When you have detailed information about your employer you will conve
 

HR Interview - Telephone Interview Etiquette

Telephone Interview Etiquette When you conduct a telephone interview for a job it is important to show the proper etiquette Not only is it important it is critical is you wish to be hired by the company There are a number of things you will want to do and other things should never be done mosgoogle
 

HR Interview - How To Succeed At HR Interviews

How To Succeed At HR Interviews There are a number of things you will need to do in order to make sure you pass the interview process Your appearance is something that you will want to pay close attention to Even if you feel that your appearance shouldn t be a factor in whether or not you re highere
 

HR Interview - Do's and Dont's in a HR Interview

Do s and Dont s in a HR Interview There are a number of things that you will want to avoid during the HR interview process While some of these things are directed at the interviewer the other things are directed at the applicant If interviewers fail to follow the proper procedures throughout the int
 

HR Interview - HR Interview Tips

HR Interview Tips It has become more challenging for companies to find the right employees because of the market When you hold an interview for a potential employee there are a number of things you will want to keep in mind mosgoogle The goal of a company should be to hire an employee who can perfor
 

About Us -  Privacy Policy -  Terms and Conditions -  Contact -  Ask Question -  Propose Category -  Site Updates 

Copyright © 2005 - 2009 GeekInterview.com. All Rights Reserved

Page copy protected against web site content infringement by Copyscape