Homework answers / question archive / In October 2020, TCS announced that it was making a precautionary provision of Rs

In October 2020, TCS announced that it was making a precautionary provision of Rs

Accounting

Share With

In October 2020, TCS announced that it was making a precautionary provision of Rs.1,218 cr. in a trade secret theft lawsuit filed against it in the U.S. a) What would be the impact of this provision on the P&L statement, balance sheet and the cash flow statement? b) Why do you think the company is not simply reporting this as a contingent liability in its annual report