English, asked by mudassirsahab10, 4 months ago

Which of the following is not an example of contingent liability?

Answers

Answered by anuragojha47

0

Explanation:

Debts included on debtors which are doubtful in nature has a certain level of estimation and hence it cannot be a contingent liability.

It is booked in Profit and loss account as 'Reserve for Doubtful Debts' (RDD) based on the percentage of Debtors balance.

Answered by lalitsharma616

1

Explanation:

interim dividend is not contingent liability

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