Accounting and Auditing - Financial Accounting Questions
18. Contingent liabilities are those and are shown under.
- A
Which are never payable and shown outside the balance sheet
- B
Which may or may not arise and shown liabilities side of the balance sheet
- C
Which crystallize at the time of liquidation of a company and shown in the asset side of the balance sheet
- D
Which may or may not arise and shown outside of the balance sheet
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