![Woman looks at her company's contingent liabilities.](http://outsourcebookkeepingindia.com/wp-content/uploads/2024/05/examples-of-contingent-liabilities-your-small-business-may-need-to-record.png)
You probably know your company’s liabilities, aka debts your business owes. But how often do you think about liabilities that you may or may not have, depending on the outcome of a future event? These potential financial obligations are known as contingent liabilities. Examples of contingent liabilities include lawsuits, product warranties, and pending audits. Understand […]
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