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What is contingent liability

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What is contingent liability

    • Posted by Vaibhav Kandari 6 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sakshi Sharma??️??️ 6 years, 10 months ago

    contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Ex.- cases pending in court

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