Accountancy, asked by swarup7029, 8 months ago

what do you mean by contingent liability

Answers

Answered by adityasuyal180164

Explanation:

A contingent liability is a liability 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 of contingent liability.

Answered by akull26

Answer:

hope it will help you

Previous Question

Next Question

Similar questions

English, 4 months ago

imagine a snake entered your room. write your feelings and reaction in the form of diary.

Math, 4 months ago

pls answer this fast ...

Math, 4 months ago

¶please solve this problem with step by step explanation...¶ • • ¶Class 8 Direct and inverse proportions¶...

Hindi, 8 months ago

उचित मुहावरे का प्रयोग करके यह वाक्य दुबारा लिखे : •अगर पाकिस्तान ने भारत पर आक्रमण किया तो भारत__________ •महाकवि बिहारी का एक एक दोहा बहुत बड़े अर्थ को समेटे हुए है। सचमुच उन्होंने ________ •तुम्हारी लाटरी भी निकल आई और नौकरी भी लग गई। सच में तुम्हारी ‌‌ •रमन का भाई आजकल करोड़ों में खेल रहा है परन्तु उसके छोटे भाई बहन को तो दो वक़्त का खाना भी नसीब नहीं होती है। सच है_____ ...

English, 8 months ago

Choose the correct sentence. * ...

Math, 1 year ago

integration of following question...

Math, 1 year ago

In 1976 the average price of a commodity was 20% more than that in 1975 but 20% less than that in 1974 and more over it was 50% more than that in 1977. The price relatives using 1975 as base year (1975 price relative = 100) then the reduce date is: (a) 8,.75 (b) 150,80 (c) 75,125 (d) None of these. plz guy's give me answer with solution..

English, 1 year ago

the writer disagreed with moru Dada because...

what do you mean by contingent liability​

Answers

what do you mean by contingent liability