When obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called?

Contingent liability
Provision
Secured loan
None of the above

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 1

When obligation is not probable or the amount expected to be paid to settle the liability cannot be measured with sufficient reliability, it is called Contingent liability. Contingent liability is a potential liability that may occur, depending on the outcome of an uncertain future event.

5 views Answered 2022-09-01 13:21

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