H Ltd.s one of the major client has gone into liquidation after the balance sheet date but
Question:
H Ltd.’s one of the major client has gone into liquidation after the balance sheet date but before the approval of the financial statements by the Board of Directors. The amount due was very large and H Ltd. can not survive the loss. The financial statements for the year to be produced
A. On a going concern basis
B. On a liquidation basis
C. None of the above
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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