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AS 5
Accountancy
Extraordinary items What is the meaning of ' attachment of property of the enterprise' ? It is given in the examples
Answers (1)
When some government agency (Eg: CBI) raids a person or entity or if a bank files a case against a person for nonpayment of dues - if they have to recover money from that person or entity - they get a court order and attach properties - the properties so attached cannot be used by the said person or entity or disposed of or sold off till the dues of the government or bank are paid off
