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Contingent asset And Contingent Liability

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Contingent asset And Contingent Liability

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Kim Smith.
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  • July 23, 2019 at 5:19 pm #524740
    vpt5935
    Member
    • Topics: 9
    • Replies: 3
    • ☆

    What are the other words may be used in exam questions instead of the following words;

    1) Virtually Certain

    2) Probable

    3) Mere Probable

    4) Remote

    July 23, 2019 at 6:10 pm #524745
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8443
    • ☆☆☆☆☆

    Perhaps you mean “Possible” rather than “mere probable” (I don’t know what you mean by this). Where contingency is concerned – “probable” means >50% likelihood.
    I would take “highly likely” to be closer to virtually certain than probable.

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