Advertisements
Advertisements
Question
Mention two contingent liabilities.
One Line Answer
Solution
Examples of contingent liabilities include liability for discounted bills, disputed claims, damage suits and loan guarantees.
shaalaa.com
Classification of Assets and Liabilities
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
What are liquid assets?
What are contingent liabilities?
Give a classification of assets.
Give a classification of liabilities.
What are fictitious assets?
Give one difference between fixed assets and current assets.
Explain current assets with an example.
Name the different types of liabilities.
Explain Asset.
Explain Liability.
