What is contingent liabilities ?
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Ajinkya Prabhat Vohra
Asked: 3 years ago2022-11-07T08:23:32+05:30
2022-11-07T08:23:32+05:30In: Class 11
what is contingent liabilities?
what is contingent liabilities?
Leave an answer
Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit.