Contingent liability
This query is : Resolved
13 August 2010
Continget liability if any should be shown in balance sheet or will it do if we show it in foot to balance sheet
13 August 2010
It is normally shown in notes to accounts.
Message likes :
1 times
13 August 2010
Agreed with CA Aditya.
I think you have raised the query because you have seen the format of Schedule VI.
Now-a-days; it is practice to show all the footnotes in NOTES ON ACCOUNTS.
All the accounting informations is given at one place for the better reading and understanding.
I think you have raised the query because you have seen the format of Schedule VI.
Now-a-days; it is practice to show all the footnotes in NOTES ON ACCOUNTS.
All the accounting informations is given at one place for the better reading and understanding.
Message likes :
1 times
13 August 2010
Agree, Continget liability should be shown in NOTES ON ACCOUNTS. detaol of Continget liability like nature,value etc.
Message likes :
1 times
13 August 2010
it is shown in Notes to Accounts.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
