Provision of amount in demand notice in co operative bank
Neha Sharma (1 Points)
21 March 2023Neha Sharma (1 Points)
21 March 2023
CA Rakesh Ishi
(Working at Private Company)
(8200 Points)
Replied 23 March 2023
Under the accounting standards, the financial statements of a bank should provide a fair presentation of the bank's financial position and performance, which includes disclosure of all material information. The amount of the demand notice may be considered material information and may need to be disclosed in the financial statements to provide a fair presentation of the bank's financial position.
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