Which of the following is/are example(s) of contingencies in accounting?

A suit filed by the employee against the company

Option D - All of (a), (b) and (c)

(d) All of (a), (b) and (c) above.

Option (d)- All of a, b & c.

Answer D is the correct answer

(b) is the correct answer as it is not certain or you cannot predict about the outcome of the case, that is what contingency stands for. Regarding (a) the government compensates for the acquisition of land so the company loses nothing (b) bad debts : They are common in every firm and it also mainly depends on the effective implementation of firm's credit policy.

a should be the right answer in accounting perception.

b is a labour problem

c is a part of provision

a suit of filed by employee against company is contingency for the company and option c depends upon the company policy only..

Option d - all of a;b &c as all these events outcomes have lack of certainty

Answer option(d) >>>>>>>>>>>>>>>    All of (a), (b) and (c) above.

In all situations contingency prevails for  accounting considerations.

The right Option is (d) the above three case are contingencies in accounting.