dear, you should read relevant text of AS 4 and its notes of amendment or you should read parveen sharma sir notes where he specifies it clearly that Contingencies dealt in AS 29.
Free tutorials of Complicated Accounting Standards , and other topic of CA(Final) Accounting are soon to be posted on www.rphglobal.net/in 1. Financial Instruments - IAS - 32,39 & IFRS - 7
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