Contingent asset usually arises from unplanned or unexpected events that give rise to 
  • a)
    The possibility of an inflow of economic benefits to the business entity. 
  • b)
    The possibility of an outflow of economic benefits to the business entity.
  • c)
    Either (a) or (b) 
  • d)
    None of the above. 
Correct answer is option 'A'. Can you explain this answer?

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This discussion on Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Contingent asset usually arises from unplanned or unexpected events that give rise toa)The possibility of an inflow of economic benefits to the business entity.b)The possibility of an outflow of economic benefits to the business entity.c)Either (a) or (b)d)None of the above.Correct answer is option 'A'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.