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Categories >> Accounting >> Accounting-AllOther
 
 
 
Question 
what is contingent asset
 Question Submitted By :: Pote Naik
I also faced this Question!!     Rank Answer Posted By  
 
Answer
 
Contigent Asset is a unasured asset which is treated under 
current asset. It's clearance is not clear till iot is 
encashed. for example Cheque, Bill receibable etc.
 
0
Biswa Darshan
 
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