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What is Contigent Liability?
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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 |
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 |
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..
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EPS
tell me about accounting
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AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
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