Accountancy, asked by swarup7029, 6 months ago

what do you mean by contingent liability

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Answered by abhedmandal1999

Answer:

It is visible Liability

Answered by PRIYA9069P

Answer:

A contingent liability is aliability or a potential loss that may occur in the future depending on the outcome of a specific event. ... Potential lawsuits, product warranties, and pending investigation are some examples ofcontingent liability.

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what do you mean by contingent liability​

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what do you mean by contingent liability