Introduction to Book Keeping and Accountancy — Book Keeping & Accountancy STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyIntroduction to Book Keeping and Accountancy2 Marks
Question
Contingent liabilities can also be called doubtful liabilities.
✓
Answer
This statement is True. The contingent liabilities are the liabilities whose occurrence depends upon the happening of a certain event that may or may not take place. So a contingent liabilities can also be called doubtful liabilities.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.