CBSE BOARD XII, asked by vibhubhardwaj756, 9 months ago

what do you mean by contigent liabilities? give any two example.

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Answered by Anonymous

19

Answer:

Definition: A contingent liability is defined as a liability which may arise depending on the outcome of a specific event. ... Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability.

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Answered by aryanshah4151

2

Answer:

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