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Commerce · Q1542

Accounting

Graduate and Post Graduate · Commerce · question 1542

Q1542

The Balance Sheet of an Indian company should show, by way of notes, the following contingent liabilities :

A.
Claims against the company not acknowledged by as debts
Answer
B.
Uncalled liability on shares partly paid
C.
Arrears of fixed cumulative dividends
D.
All the above

Answer: Option A

Solution

Answer: Option A
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