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hi this is priya. what is contigant liability and where we
can take it in balance sheet i mean under which head
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Answer Posted / a.madhu sudhan rao
Hai Priya This is Madhu
Contigent Liability Means Future Liability
We have to Show Contigent Liability at Foot NOte on Balance
Sheet
This amount is not Included in Balance Sheet
This is a Future Liability
| Is This Answer Correct ? | 3 Yes | 4 No |
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