A

Admin • 802.91K Points
Coach

Q. Which of the following is a contingent liability?

  • (A) Bills payable
  • (B) Debentures issued
  • (C) Bank guarantee
  • (D) Sundry creditors
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
A bank guarantee is a possible liability depending on future events, hence contingent.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.