6. What will be the treatment of legal cost and claim for legal action commenced by Mr. Ravi Kumar in the Books of Kay Ltd. as on 31 March, 2024 as per AS 29?
Options
ACreate a Provision for ` 5,45,000
BCreate a Provision for ` 5,00,000
CCreate a Provision for` 45,000 and make a disclosure of contingent
liability of ` 5,00,000
DMake a disclosure of contingent liability of ` 5,45,000
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