What is Contigent Liability?

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What is Contigent Liability?..

Answer / sricharan babu m

It is obligation which may or may not occuar in future.
Here we not keeping any amount separetly for that
obligation. it will disclose undet foot note in the
financial statements.

Is This Answer Correct ?    7 Yes 1 No

What is Contigent Liability?..

Answer / sivanarayana.sana

This are the not real liability. which may or may not be payable in the future 

Is This Answer Correct ?    1 Yes 0 No

What is Contigent Liability?..

Answer / meena

Contingent liability is the possible liability that existence of which will be confirmed by the occurrence of one or more uncertain future events..

Is This Answer Correct ?    0 Yes 0 No

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