| A | | B | | C | | D | | E | | F | | G | | H | | I | | J | | K | | L | | M | | N | | O | | P | | Q | | R | | S | | T | | U | | V | | W | | Y | | Z |

Definition of "Contingent liability"

Contingent liability is a liability which may or not arise in the future depending on the occurrence or non occurrence of certain events. It can be confirmed only when a future event may or may not arise. It is not an actual liability. It is not a recorded liability. It is to be shown in the financial statements as a foot note.

| A | | B | | C | | D | | E | | F | | G | | H | | I | | J | | K | | L | | M | | N | | O | | P | | Q | | R | | S | | T | | U | | V | | W | | Y | | Z |

Loading
Refer Your Friends
How to refer?

1 Click link below to share on facebook

OR

2 Enter your friends email address and invite them to join cakart (comma seperated)

Buy India's Best CA, CS, CMA Faculty Video Classes only at CAKART
Set up a call back request
Let us call you back

Any Question on video classes & books for your exam?

Set up a call back request