Question

XYZ Ltd. has filed a case against PQR Ltd. for copying their

registered Trademark. Compensation demanded amounts to

10,00,000. The case was to be decided in five proceeding out of

which 4 are already over and in favour of XYZ Ltd. The final Hearing

is to be held next saturday.

How will this transaction be Recorded in books of PQR Ltd. (1)

(a) As an Asset

(b) As a Fictitious Asset

(c) As a Contingent Asset (d) As a Contingent Liability.​

Answer 1

Answer:

b.as a fictitious asset