Contingency funds have been grouped in the balance sheet under the head ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ | Faculties

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Mr. Dubey

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📊 Corporate Accounting

Q. Contingency funds have been grouped in the balance sheet under the head ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Other liabilities
(B) Provisions
(C) Current liabilities
(D) Current liabilities and provisions.

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✅ Correct Answer: (D) Current liabilities and provisions.

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