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Commerce · Q2552

Accounting

Graduate and Post Graduate · Commerce · question 2552

Q2552

. . . . . . . . is a liability which may or may not arise in future depending on happening of some uncertain future event.

A.
contingent liability
Answer
B.
bills for collection
C.
non-banking liability
D.
bills payable

Answer: Option A

Solution

Answer: Option A
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