A. Debts included in Sundry Debtors which are doubtful in nature
B. Uncalled liability on partly paid s
C. Claims against the company not acknowledged as debts
D. Arrears of fixed cumulative dividend
A contingent liability is the loss which will be known or determined only on the
occurrence or non- occurrence of one or more future uncertain events. Debts of debtors is not an uncertain event but only the realization of a part of the debt in doubtful for which provision must be provided and hence it is not a contingent liability. Items in other alternatives uncalled liability on partly paid s B. may be called up in the event of necessity, claims against the company not acknowledged as debts (c ) they may or may not turn out to be debts in future. Arrears of cumulative fixed dividend D. are contingent liabilities.