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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)
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Answer Posted / mayur
c) Both (a) and (b)
| Is This Answer Correct ? | 12 Yes | 1 No |
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