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Give any two items which is shown under contingent liabilities in a company balance sheet?
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Give any two items which is shown under contingent liabilities in a co...
A contingent liability that is both probable and the amount can be estimated is recorded as
1) an expense or loss on the income statement, and 2) a liability on the balance sheet. As a result, a contingent liability is also referred to as a loss contingency.
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Give any two items which is shown under contingent liabilities in a company balance sheet? Related: NCERT Solution - Chapter 3 : Financial Statements of a Company-2, Class 12, commerce
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Give any two items which is shown under contingent liabilities in a company balance sheet? Related: NCERT Solution - Chapter 3 : Financial Statements of a Company-2, Class 12, commerce for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Give any two items which is shown under contingent liabilities in a company balance sheet? Related: NCERT Solution - Chapter 3 : Financial Statements of a Company-2, Class 12, commerce covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Give any two items which is shown under contingent liabilities in a company balance sheet? Related: NCERT Solution - Chapter 3 : Financial Statements of a Company-2, Class 12, commerce.
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