Accountancy, asked by mwchang, 1 year ago

contingent liability will appear
(1) in trading account
(2) in profit and loss account
(3) in balance sheet
(4) outside the balance sheet as a footnote

Answers

Answered by AbhilashaM

0

4) Outside the balance sheet as a footnote.

Contingent liability is never recorded in the balance sheet.

AbhilashaM: Thanks for brainliest! :D

mwchang: welcome

Previous Question

Next Question

Similar questions

Math, 6 months ago

the sum of two integers is -6,if one of then is2,then the other is ...

Math, 6 months ago

3. Construct a square, each of whose sides measures 6 cm. nals measures 6...

India Languages, 6 months ago

: خب جت تحت يجب حب بخت و...

Math, 1 year ago

where we add or where we multiply in combination...

Biology, 1 year ago

Three numbers which are coprime to one another are such that the product of the first two is 475 and that of the last two numbers is 1075 find the sum of three numbers...

Biology, 1 year ago

JEE MAINS 2018 An ellipse is drawn with major and minor axis of length 10 and 8 respectively. Us...

Physics, 1 year ago

A Car is able to stop with a uniform retardation of 8ms−2 and the driver of the car can react to an emergency in 0.6 s. Calculate overall stopping distance of the car if the speed of car is 72kmh−1...

Physics, 1 year ago

A body is projected vertically upward with a velocity 20ms−1 . Find the distance travelled by it in 3 s. Take g=10ms−2.