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How is Contingency Reserve usually treated on admission if there is no specific liability?आकस्मिकता संचय प्रवेश पर सामान्यतः कैसे माना जाता है यदि कोई विशेष देनदारी नहीं है?
Answer and explanationउत्तर और व्याख्या
Correct answer:सही उत्तर: Like accumulated profitसंचित लाभ की तरह
If no specific liability exists Contingency Reserve is treated as old profit. It is distributed among old partners.विशेष देनदारी न होने पर आकस्मिकता संचय पुराना लाभ माना जाता है। इसे पुराने साझेदारों में बांटा जाता है।
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