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What is contigent liabilities

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What is contigent liabilities

    • Posted by Prashant Dubey 7 years ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sakshi Sharma ??️??️??️ 7 years ago

    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.

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