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 “Liability on account of bills discounted with Bank” will be treated as:
  • a)
    Not a liability
  • b)
    Current liability
  • c)
    Deferred liability
  • d)
    Contingent liability
Correct answer is option 'D'. Can you explain this answer?
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D) Contingent liability
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“Liability on account of bills discounted with Bank” will be treated as:a)Not a liabilityb)Current liabilityc)Deferred liabilityd)Contingent liabilityCorrect answer is option 'D'. Can you explain this answer?
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