Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

What is the standards or measures to list a specific liability into contingent liabilities at annual Balance sheet ?

user-image
Question ajoutée par Mohamed Fathi Abdel Ghani , HR Assistant Manager , Core Consultancy
Date de publication: 2013/12/15
Kazi Aijaz Qureshi
par Kazi Aijaz Qureshi , Senior Accounts Officer , State Bank of Pakistan SBP BSC(BANK)

Recognition of Contingent liability if, and only if, all of the following criterias are meet:

a) A present obligation (legal or constructive) has arisen as a result of past event,

b) Payment is probable (more than20% probabilty, less than or equal to20% needs to be disclosed in notes),

c) Payment can be estimated reliably.

 

IAS37

More Questions Like This