18 May Difference between Contingent Liabilities and Liabilities-Meaning,Understanding,Examples,Treatment in Balance Sheet,Certainty about Outflow of Funds (Commerce Achiever) Posted by commerce achiever1 Categories Accounts, Blogs, Learn - Free Companies cannot do business without taking liabilities and such liabilities may come from the owner in the form of capital or may come from outsiders in the form of secured or unsecured loans but there is another liability which is … Read More