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Contingent liabilities are potential obligations that may arise depending on the outcome of future events. They are not actual liabilities until a certain event occurs, and their recognition depends on the probability of the event happening. Contingent liabilities are disclosed in the financial statements but are not recognized as current liabilities.
The Hindustan Aeronautics Limited (HAL) recently signed a contract worth over with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits a...
‘Sea Vigil-24’ is a Defence Exercise conducted by which country?
For concave mirrors, when the object is located between the ______, the resulting image is virtual and erect.
Chennai Super Kings (CSK), has become the countryrsquo;s first sports Unicorn. The parent entity of CSK is ____________.
Indian Railway is creating the highest pier railway bridge in the world in the state of?
Shanti Bhusan, who passed away recently was which former minister?
With whom has DGCA tied up for drone technology?
What is the main objective of the $23 million loan agreement between India and the Asian Development Bank (ADB)?
Who received the '12th Vishwa Hindi Samman' recently?
Who has become the new CEO of ‘Advertising Standards Council of India’ ?