| A | | B | | C | | D | | E | | F | | G | | H | | I | | J | | K | | L | | M | | N | | O | | P | | Q | | R | | S | | T | | U | | V | | W | | Y | | Z |

Definition of "Contingent assets"

A contingent asset is an asset that arises from past events and which can whose existence be confirmed only after future events. As per the concept of prudence an enterprise should not recognize a contingent asset. A contingent asset need not be disclosed in the financial statements but it should be disclosed in the report of Board of Directors.

| A | | B | | C | | D | | E | | F | | G | | H | | I | | J | | K | | L | | M | | N | | O | | P | | Q | | R | | S | | T | | U | | V | | W | | Y | | Z |

Loading
Refer Your Friends
How to refer?

1 Click link below to share on facebook

OR

2 Enter your friends email address and invite them to join cakart (comma seperated)

Buy India's Best CA, CS, CMA Faculty Video Classes only at CAKART
Set up a call back request
Let us call you back

Any Question on video classes & books for your exam?

Set up a call back request