Start learning →

When does a proposed new law create an obligation?

AWhen first discussed
BWhen a bill is drafted
CWhen industry objects
DWhen enactment is sure
Answer & Solution
Correct answer: D. When enactment is sure
Where the details are not final, an obligation arises only when the law is virtually certain to be enacted as drafted.
Practise this question with Quill — CA Inter →

Keep practising AS 29 Provisions and Contingencies

Browse all AS 29 Provisions and Contingencies questions for CA Inter, or explore more Accounting topics.

Start a AS 29 Provisions and Contingencies lesson →
Related questions