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Example for Contigent Liability is :

ALiability under a guarantee

BLiability under unpaid salary

CLiability to pay Insurance Premium

DNone of these

Answer:

A. Liability under a guarantee


Related Questions:

Amortization is related with :
An expenditure incurred for increasing the assets of the business, or improving the earning power of it, it is termed as ___________
.......... is the minimum limit in RTGS system.
........... expenditure will never be a loss to the :
General Reserve is :