What Are 5 Examples Of Liabilities? Bank debt. Mortgage debt. Money owed to suppliers (accounts payable) Wages owed. Taxes owed. What are some examples of liabilities? Accounts payable, i.e. payments you owe your suppliers. Principal and interest on a bank loan that is due within the next year. Salaries and wages payable in the next
What Is Contingent Liabilities Give Example? Description: A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability. Which is not an example of contingent liability? Explanation: Debts included
Which Of The Following Is A Contingent Liability? Description: A contingent liability is a liability or a potential loss that may occur in the future depending on the outcome of a specific event. Potential lawsuits, product warranties, and pending investigation are some examples of contingent liability. What are the types of contingent liabilities? There are