English

Give two examples of Contingent Liabilities. - Accounts

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Question

Give two examples of Contingent Liabilities.

Very Short Answer
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Solution

  1. Suit for damages filed against the company by a customer.
  2. Bills receivable discounted but not matured.
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Chapter 6: Company Accounts - Issue of Shares - SHORT ANSWER QUESTIONS [Page 6.150]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 6 Company Accounts - Issue of Shares
SHORT ANSWER QUESTIONS | Q 47. | Page 6.150
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