2. Contingent liabilities should be recorded in the books when; a) It is prob

2. Contingent liabilities should be recorded in the
books when;
a) It is probable that the future events will occur
b) The amount of the liability can be reasonable
estimated.
c) Both (a) and (b)
d) Either (a) or (b)

Question Posted / kadire

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2. Contingent liabilities should be recorded in the books when; a) It is probable that the future..

Answer / mayur

c) Both (a) and (b)

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12 Yes

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2. Contingent liabilities should be recorded in the books when; a) It is probable that the future..

Answer / kurelladhasharath

contingent liabilities nothing but the amount of the liability can be reasonable estimated

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6 Yes

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