Question
Contingent liabilities are recorded
in:Solution
Contingent liabilities are potential liabilities that may or may not occur, depending on the outcome of a future event. These liabilities are not recorded on the balance sheet as they are not certain or definite, but they are disclosed in the notes to accounts section to provide relevant information to the stakeholders of the company.
Statements: D > E > F ≥ G = H; D ≤ I < J ≤ B; H ≤ K = M < L
Conclusions:
I. M ≥ I
II. H > I
III. L > F
Statements: V ≥ O ≥ S = A > J, M < Y = P ≤ O > R
Conclusion:
I. O > M
II. A ≥ M
III. V > RÂ Â
Statements: P ≥ U ≥ Y > T ≤ Q = V > R > S < W
Conclusion
I: Q > S
II: T ≤ P
Statements: X < M = I > G < J ≤ S; Q ≥ M = J; S > T ≥ U
Conclusions:
I. S > M
II. Q > G
III. T ≥ I
IV....
Statements: M = R ≥ S , N = O > Q, Q > W = A < S
Conclusions :I. N ≥ S
II. W > R
III. O ≤ S
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and t...
Statement: J > K; N < O ≤ L; N ≥ M > K
Conclusion:
I. N ≥ J
II. K < L
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and th...
Statements: S = T, U < L, V ≥ S, T ≤ U
Conclusion:
I. T ≤ V
II. L > T
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and th...
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