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Contigent Liability

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(Querist)
30 September 2010 Why Arrears of Cumulative Preference Shares are treated as contigent liability,

It is a liability to pay dividend to shareholder at a fixed rate, but why it not appear in the balance sheet as unpaid dividend why the effect of paying the dividend is passed on to later stage not on the initial stage
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
30 September 2010 It is confirm liability.

I think liability has to be made year by year.
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