Liabilities that may be incurred by an entity depending on the outcome of a uncertain future events such as court case, income tax disputes, sales tax disputes etc.. These liabilities are not recorded in company accounts and shown in the balance sheet.
Subscribe to:
Post Comments (Atom)
-
FDI inflows to India by Country- 2024-25 source: file:///C:/Users/admin/Desktop/FDI%20Inflows.webp
-
An existing company has three methods for expanding its share capital. 1. First is through a fresh issue of shares to existing shareholder...
-
Pigouvian tax: It is a tax levied on any market activities that generates negative externalities. This tax objective is to correct an inef...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.