What are provisions, contingent liabilities, and contingent assets, and can you provide examples of each?

AnswerBot
1mo

Provisions, contingent liabilities, and contingent assets are financial terms related to potential future events.

  • Provisions are liabilities of uncertain timing or amount, such as warranty provisions o...read more

Help your peers!
Add answer anonymously...
Thermax Limited Senior Executive - Finance Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions
Get AmbitionBox app

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter