Contingent Liability: Definition & Meaning
Contents The Prudence Principle CONTINGENT AND REAL LIABILITIES – 8491 AccountingTools How do Contingent Liabilities Affect An Audit? Business Case Studies In contrast, the wine supplier considers the money it is owed to be an asset. So if a company has a strong cash flow position and can experience rapid growth earnings, it can probably … Contingent Liability: Definition & Meaning