Question

Q.4. Liability in which obligation to pay, depends on happening of an event is
(a) Contingent Liability
(b) Long term Liability
(c) Short term Liability
(d) None of these​

Answer 1

Explanation:

Liability in which obligation to pay, depends on happening of an event is

• (a) Contingent Liability

Answer 2

Answer:

(A) Contingent Liability

Explanation:

This is the write answer.