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.
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Which organisation collects samples to determine the Poverty Line in India?
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As per the Union Budget 2024 (Interim) Statement, the Capex (Capital Expenditure) outlay for the next year (FY25) has been increased to _____________.
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