Due to which of the following contingent liabilities are shown in the balance sheet
(a) Dual aspect concept
(B) Convention of full disclose
(C) convention of materiality.
(D) goin concern concept
Answers
Answered by
44
due to canvention of full disclosure... i
t is shown #below the balance sheet
Answered by
11
See below
Explanation:
contingent liabilities are those liabilities which are dependent on the happening or non happening of some event but it is appear in balance sheet due to the convention of full disclose, according to this convention
there should be complete & Understandable information provide to the final accounts there is termed is come legally required disclosures means meaningful information
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