Solved EPFO APFC Question
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Q · AccountingMedium · 45s
Contingent liabilities are shown:
TopicAccounting
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
Step-by-Step Solution
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They are uncertain obligations (e.g., guarantees).
Final Answer: Option (B) As footnote to Balance Sheet