Where do v write contingent liability .
is it below the line of balance sheet / in notes to accounts
Menu
Interview question
Replies (5)
Sch VI part I of Cos. act says that Contingent liab should be given as a footnote to the Balance sheet. However in recent times many of the companys fin stat will show that it in notes to accounts..
| Originally posted by :saritha | ||
| " | Where do v write contingent liability . is it below the line of balance sheet / in notes to accounts |
" |
Nice question.
Contingent liability is write on Notes Accounts
notes on accounts...
| Originally posted by :saritha | ||
| " | Where do v write contingent liability . is it below the line of balance sheet / in notes to accounts |
" |
i m agree with vinayak it must be written in notes accounts.
it is not in the balance sheet, shown below the balance sheet as foot note
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
