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Q: Where to show Contingent Liabilityin balancesheet?
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What is difference between provision liability and continget liability?

A provision is when it's grater than 50% chance of happening where as a contingent is less than that. You show a provision on the accounts but not the contingent.


Where contigent liabilites are shown in balance sheet?

Contingent liabilities does not show in balance sheet rather it is provided in notes to financial statements as a note about contingent liability and detail etc.


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They are similar. The photograph represents what the balance sheet says.


Give me a sentence with ''contingent''in it?

(As an adjective, contingent can mean possible, accidental, or dependent. As a noun, contingent can mean part of a larger group or a quota.)(adjective) Your salary will be contingent on your performance as a supervisor.(noun) A contingent of troops arrived at the disaster site with medical supplies.


When was Gurkha Contingent created?

Gurkha Contingent was created in 1949.


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Garuda Contingent was created in 1956.


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