IndigoLearn

Forums

Back

As29

Accountancy

If company has done a fraud ,company is fearful that the opposing party may file a court case against it ,though it has not done yet,will contingent liability be created in this respect

pradyumna hariramani

CA Inter

★ 290

15-Mar-22 10:46

335

Answers (4)

Pls any faculty answer my doubt

Thread Starter

pradyumna hariramani

CA Inter

★ 290

15-Mar-22 14:30

Pls someone help

Thread Starter

pradyumna hariramani

CA Inter

★ 290

15-Mar-22 14:31

Here the relevant event is filing of case. Since case is not filed, there is no contingent liability.

CA Suraj Lakhotia

Admin

15-Mar-22 16:37

Ok,thanks

Thread Starter

pradyumna hariramani

CA Inter

★ 290

15-Mar-22 16:41

Your Reply

IndigoLearn

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

IndigoLearn

As29

Your Reply

Company

Information

Offerings