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What is provision and contingent liability and what is the major difference between both & understanding example pls

Balachandar S

CA Inter

★ 59K+

15-Oct-21 17:48

278

Answers (4)

Can anyone tell this

Thread Starter

Balachandar S

CA Inter

★ 59K+

16-Oct-21 11:18

Contingent is dependent on happening or not happening of a future event. You can refer to our notes/videos.

CA Suraj Lakhotia

Admin

16-Oct-21 15:00

Sir you give the contingent liability ans provision videos link pls

Thread Starter

Balachandar S

CA Inter

★ 59K+

16-Oct-21 15:12

Thread Starter

Balachandar S

Sir you give the contingent liability ans provision videos link pls

Refer to notes please

Sudha Reddy

CA Final

★ 20K+

18-Oct-21 10:20

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