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Contingent Liability 

"A contingent liability is a potential obligation that may arise from an event that has not yet occurred. A contingent liability is not recognized in a company’s financial statements. A contingent liability has to be recorded if the contingency is likely and the amount of the liability can be reasonably estimated.

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The much awaited Android Mobile Learning App is now available in Google Playstore. You can now watch all the Session Recordings, Conceptual Videos and E-Books on the go.