12 March 2010
Why show "Estimated amount of contracts remaining to be excuted on capital account & not Provided for" in the head of Contingent Liability in Schedule vi of company Act 1956.
12 March 2010
because the Act says so. We cannot detain from the format. If we are not following, a note in the notes to account or qualification by the auditor will do. Ultimately, its matter of compliance
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