Q
Which of the following is not a contingent liability?
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A
A. Debts included in sundry debtors which are doubtful in nature
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B
B. Uncalled liability on partly paid shares
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C
C. Claims against the company not acknowledged as debts
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D
D. Arrears of fixed cumulative dividend
Correct Answer:
A. A. Debts included in sundry debtors which are doubtful in nature