Start learning →

Which obligation is generally disclosed even when loss is remote?

AAccrued wages
BDepreciation
CPrepaid rent
DBills discounted
Answer & Solution
Correct answer: D. Bills discounted
Obligations arising from discounted bills of exchange are named as items disclosed despite remote loss.
Practise this question with Quill — CA Inter →

Keep practising AS 4 Contingencies and Events Occurring After the Balance Sheet Date

Browse all AS 4 Contingencies and Events Occurring After the Balance Sheet Date questions for CA Inter, or explore more Accounting topics.

Start a AS 4 Contingencies and Events Occurring After the Balance Sheet Date lesson →
Related questions