Contingent liability
This query is : Resolved
09 June 2014
Company has to deposit the amount of penalty with interest but the company has not included the amount of interest for pending period (2006-07 to 2013-14) in the Contingent Liability.
So, whether the interest for pending period (2006-07 to 2013-14) is to be shown in Notes to Accounts.
So, whether the interest for pending period (2006-07 to 2013-14) is to be shown in Notes to Accounts.
09 June 2014
when co has already accepted the liability with int then how it is contingent liability?
09 June 2014
Sorry its has to deposit.
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