Answer Detail: RE: What is Contingent Liabilities?

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Question: What is Contingent Liabilities?

August 08, 2007 01:45:08

#10

Anilbabu

Member Since: Visitor Total Comments: N/A

RE: What is Contingent Liabilities?

Contingent Liability is a liability which may or may not occur in future, but it should be shown in the Notes to Accounts under the B/S