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what is contigent liability
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Answer / rajesh jaiswal
Contingent liabilities are liabilities that may or may not
be incurred by an entity depending on the outcome of a
future.
Also it is short term Liability
| Is This Answer Correct ? | 25 Yes | 1 No |
Answer / parry.d
A contigent liability: its may or may not be liability to
the company but it is the mandatory to show in balance
sheet.
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / pushpender jangid
Contingent liabilities also liability but it's depending on
future decision. contingent liabilities also show in below
balance sheet.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / balu reddy
contingent liability is a liability that due depending on
the future events such as court case etc....it is recorded
in company accounts and shown in the balance sheet...........
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / trilok satwani
contigent
liabilities are
those liabilities
which may or may
nt be appear in
the future..
e.g. legal case
| Is This Answer Correct ? | 1 Yes | 1 No |
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