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GeekInterview.com > Interview Questions > Accounting
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Question: What is Contingent Liabilities?
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| July 07, 2007 11:11:35 |
#8 |
| Pashu Pati Nath Pandey |
Member Since: Visitor Total Comments: N/A |
RE: What is Contingent Liabilities?
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Absence of Forsa majoriea is one of the condition which may lead to contigent liability for a company.
its nothing but a treatment given to the balance sheet in order to nullify the effect of certain type of liabilty which originate which has not been supposed to happen under normal functioning of the organisation.
for unforeseen event which give the immence pain |
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