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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Short Answer on _______Contingent Liability
 Question Submitted By :: Satyaki_raju@yahoo.co.in
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Short Answer on _______Contingent Liability
Answer
# 1
contigent liability is one of the liability which is not a 
actual liability of the company nor it is appeared on the 
liability side of the balance sheet.
this type of liability are not necessary to be occured, it 
depends on situations.
 
Is This Answer Correct ?    1 Yes 0 No
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