Contingent liabilities should be recorded in the accounts
A) It is probable that the future event will occur
B) The amount of the liability can be reasonably estimated
C) Both A&B
D) Either A or B
Answers were Sorted based on User's Feedback
Answer / sravan kumar
|Is This Answer Correct ?||30 Yes||1 No|
Answer / srujanrao
|Is This Answer Correct ?||7 Yes||0 No|
Answer / balu
the amount of the liability cane be reasonably estimated
|Is This Answer Correct ?||11 Yes||12 No|
Answer / swetha
|Is This Answer Correct ?||3 Yes||5 No|
Answer / ramana
|Is This Answer Correct ?||0 Yes||3 No|
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