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Answer Posted / sindujaramkumar
contigent liability is a liability which is not a liability
now but it may or may not become liability in future
for example : a case is pending in the court it may lead to
a faliure in future so that lot amount of money has to be
paid to the oppossition party
| Is This Answer Correct ? | 3 Yes | 1 No |
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A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
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