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What is a Contingent liability? - Accounts

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प्रश्न

What is a Contingent liability?

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उत्तर

A contingent liability is a potential liability that may arise in the future, depending on the outcome of a specific event or situation that is uncertain as of the balance sheet date.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 9: Financial Statements of Companies - SHORT ANSWER QUESTIONS [पृष्ठ ९.५३]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 9 Financial Statements of Companies
SHORT ANSWER QUESTIONS | Q 5. a | पृष्ठ ९.५३
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