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What is the meaning of Contingent Liability? Where is it
shown in the Balance Sheet?
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Answer Posted / raman kumar
Contingent liability we are shown this in the liability
side under the head of contingent liabiliteis its the type
of liability which is emideate create.we are only show it
in the balance sheet it doe's not show any effect on
balance sheet total.
| Is This Answer Correct ? | 11 Yes | 17 No |
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