Accountancy, asked by abhinav5188, 10 months ago

what is the meaning of term contingent liabilities?

Answers

Answered by abhyudithpci2re

2

Answer:

A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event.

Answered by 27maanvi

2

Answer:

contingent liability are those which may or maynot be occur in future..

hope it accurate ❤

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