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प्रश्न
How are contingent liabilities shown in the Balance Sheet of a Company prepared as per Schedule III of the Companies Act 2013?
अति संक्षिप्त उत्तर
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उत्तर
The books of accounts do not document contingent obligation. For the benefit of financial statement users, it is therefore stated in the “Notes to Accounts” rather than on the balance sheet.
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