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Question:  What is Contingent Liabilities?



February 02, 2006 07:46:36 #2
 Ramesh.K.Jain   Member Since: Visitor    Total Comments: N/A 
RE: What is Contingent Liabilities?
 
A contingent liability is a liability which a company has to show in balance sheet and if that liability doesnt occur in thew future then the company need not pay.
     

 

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