Register now or log in to join your professional community.
Contingent liabilities are those liabilities which can crystallize into a real liability on the happening of certain event or occurrence. Eg a pending case in court of law where the company is the accused and a suit has been filed against the co for USD1,,.
Such liabilities should be mentioned as notes to account.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.