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(a) Compulsory acquisition of part of land of the company by the Government
(b) A suit filed by the employee against the company
(c) A debtor of the company is declared insolvent, resulting in bad debts to the company.
(d) All of (a), (b) and (c) above.
A suit filed by the employee against the company
Option D - All of (a), (b) and (c)
(d) All of (a), (b) and (c) above.
Option (d)- All of a, b & c.
a should be the right answer in accounting perception.
b is a labour problem
c is a part of provision
a suit of filed by employee against company is contingency for the company and option c depends upon the company policy only..
Answer option(d) >>>>>>>>>>>>>>> All of (a), (b) and (c) above.
In all situations contingency prevails for accounting considerations.
The right Option is (d) the above three case are contingencies in accounting.
