Multiple choice

The liabilities, which are not due till date but may or may not be payable in future, are called

  1. current liabilities

  2. fixed liabilities

  3. long term liabilities

  4. contingent liabilities
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This is the correct answer. These are those liabilities, which may or may not arise in the future.

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