Definitions. What is a contingent liability?

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Alex
Posts: 11
Joined: Sat Jun 13, 2009 12:34 am

Definitions. What is a contingent liability?

Post by Alex » Sat Jun 13, 2009 11:35 am

What is a contingent liability?
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Creinin
Posts: 21
Joined: Fri Jul 03, 2009 9:25 pm

Re: Definitions. What is a contingent liability?

Post by Creinin » Fri Jul 03, 2009 9:42 pm

Contingent liability is an obligation that is dependent upon a future event, or obligation that is not probable or measurable at a given point of time but potentially material
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jameswallet
Posts: 2
Joined: Mon Mar 01, 2021 6:28 pm

Re: Definitions. What is a contingent liability?

Post by jameswallet » Mon Mar 01, 2021 7:14 pm

Hello sir,
mainly contingent liability defines contingent liability as an obligation that is dependent upon a future event or obligation that is not probable or measurable at a given point of time but potentially material or if want to know more about accounting services then you are welcomed here.

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