Balancing creativity, focus, and productivity is about finding a harmonious flow between them. For me, this starts with setting aside time for creative exploration, allow ... الإطلاع على المزيد
A contingent liability refers to a potential obligation that may arise in the future, depending on the occurrence or non-occurrence of certain events. It represents a sit ... الإطلاع على المزيد
Contingent liabilities require a credit to the accrued liability account and a debit to an expense account
Contingent liabilities are not recorded as actual liabilities on the balance sheet because their occurrence is uncertain. However, they are disclosed in the financial sta ... الإطلاع على المزيد
Contingent liabilities must pass two thresholds before they can be reported in financial statements. First, it must be possible to estimate the value of the contingent li ... الإطلاع على المزيد
the result of the income statement will appear eventually in the balance sheet under owner's equity.