Contingent liabilitity
This query is : Resolved
Nikhil Kaushik
(Expert)
24 June 2015
contingent liability means a liability that may arise in future due to certain events that may have happened in past.
for eg...the negative outcome of a existing case law.
they are shown in the footnotes of the financial statments
for eg...the negative outcome of a existing case law.
they are shown in the footnotes of the financial statments
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