How is Maturity of Contingent Liability treated in a Fund Flow Statement

Aditya Goenka (1 Points)

09 April 2020  

A Contingent Liability of Rs. 3500 is matured during the year. - This is an adjustment given for a fund flow statement, I think that it would be posted in the Profit and Loss Adjustment A/C and the counter entry would be in the Application of Funds in the Fund Flow Statement. Please guide me.

 

Thanks in advance.