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Contingent Liabilities Describe what is termed as contingent liabilities and discuss their accounting treatment. ( 5 marks ) Contingent Liabilities Describe what is termed as

Contingent Liabilities

Describe what is termed as "contingent liabilities" and discuss their accounting treatment.

(5

marks

)

Contingent Liabilities Describe what is termed as "contingent liabilities" and discuss their accounting treatment. (5 marks)

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