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Where will Contingent liability appears? And why it is not
appear in Balance sheet?
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Answer Posted / ravi
Contingent Liabilities are doesn't shown in the balance
sheet, it should shown as note under balance sheet, this
liabilities are may be payable or may not be payable, ex:
BGs, LC, liability pending in the court those expenses
maybe payable are maynot be payable
| Is This Answer Correct ? | 36 Yes | 3 No |
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